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The assets of Dallas& Associates consist entirely of current assets and net plantand equipment. The firm has total assets of $2.6 million and netplant and equipment equals $2.1 million. It has notes payable of$155,000, long-term debt of $755,000, and total common equity of$1.55 million. The firm does have accounts payable and accruals onits balance sheet. The firm only finances with debt and commonequity, so it has no preferred stock on its balance sheet.Write out your answerscompletely. For example, 25 million should be entered as25,000,000. Enter negative amounts, if any, with a minus sign.What is the company'stotal debt? $What is the amount oftotal liabilities and equity that appears on the firm's balancesheet?$ What is the balance ofcurrent assets on the firm's balance sheet?$ What is the balance ofcurrent liabilities on the firm's balance sheet?$ What is the amount ofaccounts payable and accruals on its balance sheet? [Hint: Considerthis as a single line item on the firm's balance sheet.]$ What is the firm's networking capital?$ What is the firm's netoperating working capital?$ What is the monetarydifference between your answers to part f and g?$
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