This preview shows pages 1–3. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full 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
- Spring '10