COMPANY NAME BALANCE SHEET as at __________ (Date) ASSETS $ LIABILITIES $ Current Assets: Current Liabilities: Cash in Bank $18,500.00 Accounts…

COMPANY NAME BALANCE SHEET as at __________ (Date) ASSETS $ LIABILITIES $ Current Assets:  Current Liabilities:    Cash in Bank $18,500.00  Accounts Payable $4,800.00  Petty Cash $500.00  Wages Payable $14,300.00  Net Cash $19,000.00  Office Rent —  Inventory $25,400.00  Utilities $430.00  Accounts Receivable $5,300.00  Federal Income Tax Payable $2,600.00  Prepaid Insurance $5,500.00  Overdrafts — Total Current Assets $55,200.00  Customer Deposits $900.00      Pension Payable $720.00 Fixed Assets:    Union Dues Payable —  Land $150,000.00  Medical Payable $1,200.00  Buildings $330,000.00  Sales Tax Payable    Less Depreciation $50,000.00 Total Current Liabilities $24,950.00 Net Land & Buildings $430,000.00         Long-Term Liabilities:  Equipment $68,000.00  Long-Term Loans $40,000.00 Less Depreciation $35,000.00  Mortgage $155,000.00 Net Equipment $33,000.00 Total Long-Term Liabilities $195,000.00             TOTAL LIABILITIES $219,950.00            Owners’ Equity:        Common Stock $120,000.00      Owner – Draws $50,000.00      Retained Earnings $128,250.00    Total Owners’ Equity: $298,250.00        TOTAL ASSETS $518,200.00 LIABILITIES AND EQUITY $518,200.00

Based on the Balance Sheet above determine the following:

1. TOTAL ASSETS 2. TOTAL LIABILITIES 3. TOTAL EQUITY 4. Current Assets 5. Current Liabilities 6. Current Ratio 7. Quick Ratio 8. Return On Equity (ROE) 9. Debt Ratio

The post COMPANY NAME BALANCE SHEET as at __________ (Date) ASSETS $ LIABILITIES $ Current Assets: Current Liabilities: Cash in Bank $18,500.00 Accounts… appeared first on Empire Essays.


COMPANY NAME BALANCE SHEET as at __________ (Date) ASSETS $ LIABILITIES $ Current Assets: Current Liabilities: Cash in Bank $18,500.00 Accounts… was first posted on May 10, 2022 at 10:39 am.
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