Sharpshooter Productions needs help checking the accuracy of their balance sheet. The firm reports the following:...

 

Transcribed Image Text:

Sharpshooter Productions needs help checking the accuracy of their balance sheet. The firm reports the following: Entry Value Entry Cash and marketable securities Accounts payable Common stock Retained Earnings Accounts Receivable $207,310.00 $80,955.00 Net fixed assets $100,000.00 Notes payable $570,670.00 Long-term debt $275,235.00 Inventory What is the long-term debt for Sharpshooter for the financials to be correct? Submit Answer format: Currency: Round to: 2 decimal places. Submit Goodwill and other assets Answer format: Currency: Round to: 0 decimal places Submit Go To Sleep Enterprises had retained earnings of $744,147.00 at the end of 2020. The firm expects to post net income of $977,046.00 in 2021. If the firm has a dividend payout ratio of 40.00%, what will be the new value for retained earnings at the end of 2021? Value Answer format: Currency: Round to: 0 decimal places. $89,860.00 $454,520.00 $67,580.00 ????? $121,545.00 A firm has $44,019.00 in accounts receivable, $34,455.00 in inventory, and $22,100.00 in accounts payable. What is the firm's net working capital? Sharpshooter Productions needs help checking the accuracy of their balance sheet. The firm reports the following: Entry Value Entry Cash and marketable securities Accounts payable Common stock Retained Earnings Accounts Receivable $207,310.00 $80,955.00 Net fixed assets $100,000.00 Notes payable $570,670.00 Long-term debt $275,235.00 Inventory What is the long-term debt for Sharpshooter for the financials to be correct? Submit Answer format: Currency: Round to: 2 decimal places. Submit Goodwill and other assets Answer format: Currency: Round to: 0 decimal places Submit Go To Sleep Enterprises had retained earnings of $744,147.00 at the end of 2020. The firm expects to post net income of $977,046.00 in 2021. If the firm has a dividend payout ratio of 40.00%, what will be the new value for retained earnings at the end of 2021? Value Answer format: Currency: Round to: 0 decimal places. $89,860.00 $454,520.00 $67,580.00 ????? $121,545.00 A firm has $44,019.00 in accounts receivable, $34,455.00 in inventory, and $22,100.00 in accounts payable. What is the firm's net working capital?

Answer rating: 100% (QA)

To find the longterm debt for Sharpshooter Productions we can use the balance sheet equation Assets ... View the full answer