BALANCE SHEET The assets of Dallas & Associates consist entirely of current assets and net plant and...

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Finance

BALANCE SHEET
The assets of Dallas & Associates consist entirely ofcurrent assets and net plant and equipment. The firm has totalassets of $2.6 million and net plant and equipment equals $2.2million. It has notes payable of $145,000, long-term debt of$750,000, and total common equity of $1.55 million. The firm doeshave accounts payable and accruals on its balance sheet. The firmonly finances with debt and common equity, so it has no preferredstock on its balance sheet.
Write out your answers completely. For example, 25 millionshould be entered as 25,000,000. Enter negative amounts, if any,with a minus sign.
What is the company's total debt?
  $

What is the amount of total liabilities and equity that appearson the firm's balance sheet?
$

What is the balance of current assets on the firm's balancesheet?
$

What is the balance of current liabilities on the firm'sbalance sheet?
$

What is the amount of accounts payable and accruals on itsbalance sheet? [Hint: Consider this as a single line item on thefirm's balance sheet.]
$

What is the firm's net working capital?
$

What is the firm's net operating working capital?
$

What is the monetary difference between your answers to part fand g?
$

What does this difference indicate?

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Answer a Total Debt Notes Payable Longterm Debt Total Debt 145000 750000 Total Debt 895000 Answer b Total Liabilities and Equity Total Assets Total Liabilities and Equity 2600000 Answer c Current Assets Total Assets Net Plant and See Answer

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BALANCE SHEETThe assets of Dallas & Associates consist entirely ofcurrent assets and net plant and equipment. The firm has totalassets of $2.6 million and net plant and equipment equals $2.2million. It has notes payable of $145,000, long-term debt of$750,000, and total common equity of $1.55 million. The firm doeshave accounts payable and accruals on its balance sheet. The firmonly finances with debt and common equity, so it has no preferredstock on its balance sheet.Write out your answers completely. For example, 25 millionshould be entered as 25,000,000. Enter negative amounts, if any,with a minus sign.What is the company's total debt? $What is the amount of total liabilities and equity that appearson the firm's balance sheet?$ What is the balance of current assets on the firm's balancesheet?$ What is the balance of current liabilities on the firm'sbalance sheet?$ What is the amount of accounts payable and accruals on itsbalance sheet? [Hint: Consider this as a single line item on thefirm's balance sheet.]$ What is the firm's net working capital?$ What is the firm's net operating working capital?$ What is the monetary difference between your answers to part fand g?$ What does this difference indicate?