A corporation reports the following year-end balance sheet data. The company's working capital equals: $ 40,000 Current liabilities 55,00 Long-term liabilities 60,000 Common stock Cash $ 75,000 ... Accounts receivable 35,000 Inventory Equipment 100,000 145,000 Retained earnings $ 300,000 Total liabilities and equity 90,000 Total assets $ 300,000 (A) $75,000 B $190,000 $80,000 D $155,000

A corporation reports the following year-end balance sheet data. The company's working capital equals: $ 40,000 Current liabilities 55,00 Long-term liabilities 60,000 Common stock Cash $ 75,000 ... Accounts receivable 35,000 Inventory Equipment 100,000 145,000 Retained earnings $ 300,000 Total liabilities and equity 90,000 Total assets $ 300,000 (A) $75,000 B $190,000 $80,000 D $155,000

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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