ECON 101 HW#1

ECON 101 HW#1 - Trevor Salas Econ 118 F10 Homework #1 Due...

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Unformatted text preview: Trevor Salas Econ 118 F10 Homework #1 Due in section, F 10/1; T 10/5 1 2 3 4 Balance sheet Cash and investments $525 $1,208,075 $1,803 $11,843 Receivables 972 721,734 209 1,712 Inventories 10,673 203 3,744 PPE 26,234 10,045 11,040 17,544 Intangibles 1,134 63,011 3,932 Total assets $41,164 $2,175,052 $14,308 $50,715 Current liabilities $11,153 $1,726,924 $2,806 $7,818 Long-term debt 9,667 281,244 3,498 1,886 Stockholders' equity 17,777 166,884 4,953 39,088 Total liabilities & SE $41,164 $2,175,052 $14,308 $50,715 Income statement Revenues $71,288 $101,491 $11,023 $37,586 Cost of goods sold 47,298 16,742 Operating expenses 19,631 64,479 10,574 6,168 R&D expense 5,722 Interest expense 624 34,239 125 488 Net income $2,312 $3,699 $178 $5,292 1. Home Depot- A retail store like Home Depot should show high portions of total assets being Inventories and PPE. They also dont have any R&D expense, which makes sense because they buy products rather than PPE....
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