cindy07904
Sep 13, 2012, 07:42 PM
Figuring out current assets, short term investments, and stock holders equity, I knows the answers for current assets and short term investments. I Just want to see how to figure it out.
Cash and cash equivalents
5,000
Accounts receivable (net)
20,000
Inventories
60,000
Property, plant, and equipment (net)
120,000
Accounts payable
44,000
Wages payable
15,000
Paid-in-capital
100,000
Cash and cash equivalents
5,000
Accounts receivable (net)
20,000
Inventories
60,000
Property, plant, and equipment (net)
120,000
Accounts payable
44,000
Wages payable
15,000
Paid-in-capital
The only asset not listed is short-term investments. The only liabilities not listed are a $30,000 note payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is 1.5:
Cash and cash equivalents
5,000
Accounts receivable (net)
20,000
Inventories
60,000
Property, plant, and equipment (net)
120,000
Accounts payable
44,000
Wages payable
15,000
Paid-in-capital
100,000
Cash and cash equivalents
5,000
Accounts receivable (net)
20,000
Inventories
60,000
Property, plant, and equipment (net)
120,000
Accounts payable
44,000
Wages payable
15,000
Paid-in-capital
The only asset not listed is short-term investments. The only liabilities not listed are a $30,000 note payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is 1.5: