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homework - \$4.2m-\$3.2m \$385,000= \$1,185,000 13 2008 Long...

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Robin Nielsen May 12, 2011 Chapter 2 1. Assets Current Assets \$5,100 Net fixed Assets \$23,800 Total Assets \$28,900 Liabilities and Stockholder’s Equity Current Liabilities \$4,300 Long Term Debt \$7,400 Total Debt \$11,700 \$28,900+\$11,700=\$17,200 The shareholder’s equity is \$17,200 \$5,100-\$4,300=\$800 Net working Capital is \$800 5. \$380,000+\$1,100,000=\$1,480,000 Current Assets=\$1,480,000 Book Value CA = \$1,480,000 Market Value= \$1,600,000 Book Value NFA= \$3,700,000 Book Value Assets= \$5,180,000 Market Value Assets= \$6,500,000 9. Beginning net fixed assets= \$3.4m

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Ending net fixed assets= \$4.2m Depreciation expense=\$385,000
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Unformatted text preview: \$4.2m-\$3.2m+\$385,000= \$1,185,000 13. 2008 Long term debt= \$2,600,000 Common stock account=\$740,000 Paid in surplus account=\$520,000 Common stock and paid in surplus=\$1,260,000 2009 Long term debt=\$2,900,000 Common stock account= \$815,000 Paid in surplus account= \$550,000 Common stock and paid in surplus= \$1,356,000 Net capital spending=\$940,000 Change in net working capital= -\$85,000 \$2,900,000-\$2,600,000= \$300,000 Net new borrowing= \$300,000 \$170,00-\$300,000= -\$130,00 Cash flow to creditors= -\$130,000 \$1,356,000-\$1,260,000=\$105,000 New equity raised=\$105,000...
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homework - \$4.2m-\$3.2m \$385,000= \$1,185,000 13 2008 Long...

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