ch5 quiz - Mellancamp Moorings, Inc. Balance Sheet...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Mellancamp Moorings, Inc. Balance Sheet 12/31/2007 *in millions Current Assets Cash and cash equivalents $52,000.00 Trading Securities $225,000.00 Accounts Recievable $328,500.00 Allowance for doubtful accounts $26,500.00 $302,000.00 Inventory Raw Materials $74,000.00 Work in Process $110,000.00 Finshed Goods $89,800.00 Total inventories $273,800.00 Total Current Assets $852,800.00 Held to maturity securities $300,000.00 Property, Plant and Equipment Buildings $683,200.00 Equipment $1,200,000.00 Land $750,000.00 $2,633,200.00 Accumulated Depreciation $(567,000.00) Net Property, Plant, and Equipment $2,066,200.00 Goodwill and other intangible assets Goodwill $250,000.00 Patents(net of $20,000 amortization) $120,000.00 Net Goodwill and other intangible assests $370,000.00 Total Assests $3,589,000.00 a) 17% This is good because its basically saying that the company can pay back its obligations in a short a...
View Full Document

Page1 / 4

ch5 quiz - Mellancamp Moorings, Inc. Balance Sheet...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online