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# QUESTION 1 A ﬁrm's balance sheets as of the December 31, 2015 and 2016 show the following items: 2015: Cash = \$9,916,500; Account Receivable =...

This question was created from Finanace HW 1.docx https://www.coursehero.com/file/35898567/Finanace-HW-1docx/

QUESTION 1 1.
A ﬁrm's balance sheets as ofthe December 31. 2015 and 2016 show the following items: 2015: Cash = \$9,015,500: Account Receivable = \$9,000,000: Inventory = \$4,500,000: Gross Fixed
Assets = 510,922,000; Accumulated Depreciation = \$1,243,000: Retained Eamings =
\$1,552,500; ICapital Surplus = 55,500,000: Common Stock {\$0.50 par] = \$4,500,000; Notes
Payable = \$0,521,000; Long term debt = \$2,500,000: Accounts Payable = \$0,551,000. 2015: Cash = \$11,090,000; Account Receivable = \$2,500,000; Inventory = \$5.200,000.‘ Gross
Fixed Assets = \$13,224,000: Accumulated Depreciation = \$1,025,000; Retained Earnings =
\$1,952,500; Capital Surplus = \$11,300,000; Common Stock {\$0.50 par] = 54,300,000; Notes
Payable = \$2,223,000; Long term debt = \$1,500,000: Accounts Payable = \$5,132,000. Calculate the total assets in 2015. c “535.9210
- no r: 35314213
- m r (3534,3335
- on c ”533.1455
- on

Total assets in 2015... View the full answer

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