quiz 1 - AGEC-330: FINANCIAL MANAGEMENT IN AGRICULTURE QUIZ...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
AGEC-330: FINANCIAL MANAGEMENT IN AGRICULTURE QUIZ # 1 Name: _____________________________________________________________________________ __ Question1 ABC Industries’ 2009 and 2010 balance sheets and income statements are shown: 2010 2009 2010 2009 Assets Liabilities and equity Cash 2,549 $ 20,160 $ Accounts payable 183,456 $ 50,960 $ Accounts receivable 221,256 $ 122,920 $ Notes payable 222,883 $ 70,000 $ Inventories Accruals 171,360 $ 47,600 $ Total current assets 674,381 $ 393,400 $ Total current liabilities Long-term debt 253,201 $ 113,201 $ Total debt Gross fixed assets Common stock (35,000 shares) Less: accumulated depreciation 92,106 $ 51,170 $ Retained earnings 11,407 $ 71,319 $ Net fixed assets 328,927 $ 120,680 $ Total common equity 172,407 $ 232,319 $ Total assets Total liabilities and equity Balance Sheets 2010 2009 Sales 2,111,900 $ 1,201,200 $ Cost of goods sold 1,934,800 $ 1,002,400 $ Other expenses 181,996 $ 125,535 $ Earnings before depreciation, interest and taxes (EBDIT)
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 12/11/2011 for the course AGEC 330 taught by Professor Staff during the Spring '08 term at Texas A&M.

Page1 / 2

quiz 1 - AGEC-330: FINANCIAL MANAGEMENT IN AGRICULTURE QUIZ...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online