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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This note was uploaded on 05/21/2011 for the course FIN 101 taught by Professor Smith during the Spring '11 term at Minnesota.

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

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