You are viewing Dr. Ed Malagapo's screen View Options Ed Malagapo File Home Insert Design Transitions Animations Slide Show Review View Tell me what you want to do do X Cat Layout Bertan PF Reset V A BIUS AV AA Copy Format Painter Clipboard Paste s shape full- 7 Shape Outline Snape Effects New Slide - AL 1.) BIO {} Arrange Quick Styles Drawing Section Slides Font 21 D 3,000 Dr. Ec hi olid # Table 3.1. Ruff Sandpaper Co. Balance Sheets Problem No. 4. Financial Management For the Years Ended 2002 and 2003 2003 2002 1. The largest single source of funds Assets for the firm in 2003 is (See Table Cash 800 600 3.1) Marketable securities 200 200 2. Common stock dividends paid in 2003 Accounts receivable 1,200 1,000 amounted to . (See Table 3.1) Inventories 2,000 1,800 Gross fixed assets 2,800 3. The firm may have increased long- Less Accumulated Depreciation 1,000 800 term debts to finance (See Table Net fixed assets 2,000 2,000 3.1) Total assets 6,200 5,600 4. The firm fixed assets worth_ Liabilitiesee Table 3.1) Accounts payable 200 100 5. The firm's cash flow from operating Notes payable 800 900 activities is . (See Table 3.1) Accruals 100 100 Long-term debt 2,000 1,500 6. The depreciation expense for 2003 is Stockholders' equity (See Table 3.1) Common stock at par 500 500 Paid-in capital in excess of par 2,000 2,000 Retained earnings 600 500 Total liabilities and equity 6,200 5,600 Net profits after taxes for 2003: $150.00 Ryan E INo Title) Jeffrey