Tutorials 2 & 3

Tutorials 2 & 3 - Finance Department Managerial Finance...

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Finance Department Managerial Finance S11 Managerial Finance Tutorial 3 Page 1 of 4 Tutorial (3) Chapter 2: Financial statements and analysis Martin manufacturing company Balance sheets Assets 2011 2010 Current assets Cash $25,000 $24,100 Accounts receivable 805,556 763,900 Inventories 700,625 763,445 Total current assets 1,531,181 1,551,445 Fixed assets 2,093,819 1,691,707 Less: accumulated depreciation 500,000 348,000 Net fixed assets 1,593,819 1,343,707 Total assets 3,125,000 2,895,152 Liabilities and stockholder’s equity Current liabilities Accounts payable 230,000 400,500 Notes payable 311,000 370,000 Accruals 75,000 100,902 Total current liabilities 616,000 871,402 Long-term Liabilities 1,165,250 700,000 Total Liabilities 1,781,250 1,571,402 Stockholders’ equity Preferred stock 50,000 50,000 Common stock 400,000 400,000 Paid-in capital in excess of par value 593,750 593,750 Retained earnings 300,000 280,000 Total stockholders’ equity 1,343,750 1,323,750 Total liabilities and stockholders’
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This note was uploaded on 04/08/2011 for the course MGMT 401 taught by Professor Mohamed during the Spring '11 term at Manor.

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Tutorials 2 & 3 - Finance Department Managerial Finance...

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