Homework Help is Here – Start Your Trial Now!
Business
Accounting
Duckies, Etc. is a bath toy manufacturer reviewing their current Balance Sheet. 1. What are the total current assets? 2. What are the total long term assets? 3. What are total assets? 4. What is the balance for Accounts Payable? 5. What is the balance for Total Liabilities? 6. What is the balance for Total Liabilities and Shareholder Equity? 7. What is the balance for Capital Surplus?

Duckies, Etc. is a bath toy manufacturer reviewing their current Balance Sheet. 1. What are the total current assets? 2. What are the total long term assets? 3. What are total assets? 4. What is the balance for Accounts Payable? 5. What is the balance for Total Liabilities? 6. What is the balance for Total Liabilities and Shareholder Equity? 7. What is the balance for Capital Surplus?

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 89E: Ratio Analysis Rising Stars Academy provided the following information on its 2019 balance sheet and...
See similar textbooks
icon
Related questions
Question

Duckies, Etc. is a bath toy manufacturer reviewing their current Balance Sheet.

1. What are the total current assets?

2. What are the total long term assets?

3. What are total assets?

4. What is the balance for Accounts Payable?

5. What is the balance for Total Liabilities?

6. What is the balance for Total Liabilities and Shareholder Equity?

7. What is the balance for Capital Surplus?

Assets as of April 30, 2015 $o00s Cash and Cash Equiv. Accounts Receivable Inventory other Current Assets Total Current Assets Liabilities & SH Equity $27 $000s ### Accounts Payable Short Term Debt Oother Current Liabilities 50 50 10 30 30 Total Current Liabilities $50 Long Term Debt Other Long Term Liabilities $40 ### 15 Long Term Investments Plant, Property & Equip. Intangible and Other Assets Total Long Term Assets 10 Total Liabilities ### 15 Retained Earnings Capital Surplus Total Shareholder Equity ### 60 ### ### Total Assets ### Total Liabilities & SH Equity ###
Transcribed Image Text:Assets as of April 30, 2015 $o00s Cash and Cash Equiv. Accounts Receivable Inventory other Current Assets Total Current Assets Liabilities & SH Equity $27 $000s ### Accounts Payable Short Term Debt Oother Current Liabilities 50 50 10 30 30 Total Current Liabilities $50 Long Term Debt Other Long Term Liabilities $40 ### 15 Long Term Investments Plant, Property & Equip. Intangible and Other Assets Total Long Term Assets 10 Total Liabilities ### 15 Retained Earnings Capital Surplus Total Shareholder Equity ### 60 ### ### Total Assets ### Total Liabilities & SH Equity ###
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Ratio Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Fundamentals Of Financial Management, Concise Edi…
Fundamentals Of Financial Management, Concise Edi…
Finance
ISBN:
9781337902571
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Financial Accounting: The Impact on Decision Make…
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS