Total assets of $2.5 million and net plant and equipment equals $2 million. Notes payable of $150k and long term debt of $750k. Total common equity of $1.5 million. The firm does have accounts payable and accurals on its balance sheet and only finances with debt and common equity, so no preferred stock on the balance sheet. a) What is the company's total debt? b) What is the amount of total liabilities and equity that appears on the firm's balance sheet? c) What is the balance of current assets d) What is the balance of current liabilities e) What is the amount of accounts payable and accruals on its balance sheet? f) What is the firm's net working capital g) what is the firm's net operating working capital h) what is the explanation for the different in your answers to parts f and g?

Principles of Accounting Volume 1
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ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
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Total assets of $2.5 million and net plant and equipment equals $2 million. Notes payable of $150k and long term debt of $750k. Total common equity of $1.5 million. The firm does have accounts payable and accurals on its balance sheet and only finances with debt and common equity, so no preferred stock on the balance sheet.

a) What is the company's total debt?
b) What is the amount of total liabilities and equity that appears on the firm's balance sheet?
c) What is the balance of current assets
d) What is the balance of current liabilities
e) What is the amount of accounts payable and accruals on its balance sheet?
f) What is the firm's net working capital
g) what is the firm's net operating working capital
h) what is the explanation for the different in your answers to parts f and g?

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A) total debt - is that then the same as total liability? (just differently worded?)
What is the difference between 'total' and 'current' in this context?

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