Cash & short-term investments Accounts receivable Income taxes receivable Inventories Prepaid expenses future income tax benefit Total current assets Net fixed asssets Assets Total assets ABC Corporation December 31, 2015, and December 31, 2014, Balance Sheets ($000,000) Liabilities 2015 9.2 12.6 0 13.9 0.5 0.2 ? 25 ? 2014 2.3 12.1 1.2 12.5 0.6 0.3 29 23 52 Promissory notes Accounts payables Income taxes payable Current portion of long-term debt Total current liabilities Long-term debt Future income taxes Total liabilities 2015 0.6 15.1 0.5 0.8 ? 1.1 1.5 ? 2014 0.7 13.8 0 0.1 14.6 1.0 1.1 16.7
Cash & short-term investments Accounts receivable Income taxes receivable Inventories Prepaid expenses future income tax benefit Total current assets Net fixed asssets Assets Total assets ABC Corporation December 31, 2015, and December 31, 2014, Balance Sheets ($000,000) Liabilities 2015 9.2 12.6 0 13.9 0.5 0.2 ? 25 ? 2014 2.3 12.1 1.2 12.5 0.6 0.3 29 23 52 Promissory notes Accounts payables Income taxes payable Current portion of long-term debt Total current liabilities Long-term debt Future income taxes Total liabilities 2015 0.6 15.1 0.5 0.8 ? 1.1 1.5 ? 2014 0.7 13.8 0 0.1 14.6 1.0 1.1 16.7
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter13: Financial Statement Analysis
Section: Chapter Questions
Problem 13.10E
Related questions
Question
The attached table illustrates the
Answering the following questions.
- What is the total current assets in 2015 for ABC Corporation?
- What is the total assets in 2015 for ABC Corporation?
- What is the total current liabilities in 2015 for ABC Corporation?
- What is the total liabilities in 2015 for ABC Corporation?
- What is the net working capital in 2015 for ABC Corporation?
- What is the equity in 2015 for ABC Corporation?
Transcribed Image Text:Cash & short-term investments
Accounts receivable
Income taxes receivable
Inventories
Prepaid expenses
future income tax benefit
Total current assets
Net fixed asssets
Assets
Total assets
ABC Corporation
December 31, 2015, and December 31, 2014, Balance Sheets ($000,000)
Liabilities
2015
9.2
12.6
0
13.9
0.5
0.2
?
25
?
2014
2.3
12.1
1.2
12.5
0.6
0.3
29
23
52
J
Promissory notes
Accounts payables
Income taxes payable
Current portion of long-term debt
Total current liabilities
Long-term debt
Future income taxes
Total liabilities
2015
0.6
15.1
0.5
0.8
?
1.1
1.5
?
2014
0.7
13.8
0
0.1
14.6
1.0
1.1
16.7
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