Q1Fin6996SampleSolution(1)

Q1Fin6996SampleSolution(1) - Mulligan Golf Corp Balance...

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Mulligan Golf Corp. Balance Sheet Assets Liabilities and Equities 2006 2007 2006 2007 Current Assets: Current Liabilities: Cash & Marketable Securities $ 18,270 $ 22,150 Accounts Payable $ 16,215 $ 17,318 Accounts Receivable $ 12,315 $ 13,865 Notes Payable $ 8,000 $ 10,000 Inventories $ 21,584 $ 24,876 Other Current Liabilities $ 11,145 $ 14,451 Total Current Assets $ 52,169 $ 60,891 Total Current Liabilities $ 35,360 $ 41,769 Net PP&E $ 168,326 $ 184,735 Long-term Liabilities: $ 220,495 $ 245,626 Long-term Debt $ 80,000 $ 85,000 Total Long-term Liabilities $ 80,000 $ 85,000 Total Liabilities $ 115,360 $ 126,769 Stockholder's Equity: Common Stock $ 20,000 $ 20,000 Retained Earnings $ 85,135 $ 98,857 Total Stockholder's Equity $
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  • Summer '16
  • Gruskin
  • Balance Sheet, Generally Accepted Accounting Principles, Mulligan Golf Corp

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