Total Current assets value to be reported in Balance sheet?
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- 1. The Cunningham Company has provided the following account balances: Cash $76,000; Short-term investments $8,00%3; Accounts receivable $12,000; Inventory $96,000; Long-term notes receivable $4,000; Equipment $192,000; Factory Building $360,000; Intangible assets $12,000%3; Accounts payable $90,000%3; Accrued liabilities payable $12,000; Short-term notes payable $42,000; Long-term notes payable $184,000. What is Cunningham's current ratio?The Tom Smith Corporation has the following items: Cash, $5,000; Machinery, $50,000; Building, $150,000; Note payable bank, $10,000; Savings, $10,000; Long-term debt, $50,000; Accounts payable, $30,000; Taxes payable, $5,000; Accounts receivable, $30,000; Inventory, $10,000; Depreciation Building, $35,000; Depreciation Machinery, $25,000; Land $50,000. Current assets for this Corporation are $45,000. $55,000. $95,000. $155,000. $190,000.The Tom Smith Corporation has the following items: Cash, $5,000; Machinery, $50,000; Building, $150,000; Note payable bank, $10,000; Savings, $10,000; Long-term debt, $50,000; Accounts payable, $30,000; Taxes payable, $5,000; Accounts receivable, $30,000; Inventory, $10,000; Depreciation Building, $35,000; Depreciation Machinery, $25,000; Land $50,000. Fixed assets for this Corporation are $45,000. $55,000. $95,000. $155,000. $190,000.
- The Coffman Company has provided the following account balances: Cash $380,000 Short-term investments $40,000 Accounts receivable $60,000 Inventory $480,000 Long-term notes receivable $20,000 Equipment $960,000 Factory Building $1,800,000 Intangible assets $60,000 Accounts payable $300,000 Accrued liabilities payable $40,000 Short-term notes payable $95,000 Income taxes payable $55,000 Long-term notes payable $920,000 Stockholders’ equity $2,400,000What is Coffman's current ratio? Group of answer choices a)2.00 b)2.17 c)2.71 d)1.96 e)None of the aboveGiven the following account balances at year end, compute the total intangible assets on the balance sheet of Janssen Enterprises. Cash $1,500,000 Accounts Receivable 1,000,000 Trademarks 1,200,000 Goodwill 2,500,000 Research & Development Costs 2,000,000 a. $9,700,000. b. $5,700,000. c. $3,700,000. d. $7,700,000.The Balance Sheet for Consolidated Industrial shows the following balances: cash = $500,000; patents and copyrights = $800,000; accounts payable = $400,000; accounts receivable = $160,000; property plant and equipment = $4,600,000; inventory = $195,000; notes payable = $180,000; retained earnings = $2,300,000; long-term debt = $1,500,000. What must the value for Common Stock be?
- Accounts payable $ 40,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 30,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 110,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 30,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000 Based on the above data, what is the amount of working capital? Group of answer choicesAccounts payable $ 40,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 30,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 110,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 30,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000 Based on the above data, what is the amount of working capital? O $238,000 O $203,000 O $128,000 O $168,000GGG Company reported the following accounts at the end of reporting period: Petty cash fund = 10,000; Payroll fund = 100,000; Sinking fund cash = 500,000; Sinking fund securities = 1,000,000; Accrued interest receivables-sinking fund securities = 50,000; Plant expansion fund = 600,000; Cash surrender value = 150,000; Investment property = 3,000,000; Advances to subsidiary = 200,000; Investment in associate = 2,000,000. What total amount should be reported as noncurrent investments at the end of the reporting period?
- City A has the following financial data. What is the Net Asset Per Capita? Cash: $ 4,650; Cash Equivalents: $12,350; Market Securities: $3,462; Receivables: $ 12,409; Current Liabilities: $45,690; Net Assets: $139,450; Total Assets: $2,458,360; Total Revenues: $1,367,809; Total Expenditures: $1,450,098; Population: 1,670.Based on the following data, what is the amount of quick assets? Accounts payable $30,000 Accounts receivable 45,000 Accrued liabilities 7,000 Cash 20,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Notes payable (short-term) 20,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000 Temporary investments 36,000 O a. $173,000 O b. $175,000 O c. $101,000 O d. $65,000Harding Company Accounts payable $ 40,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 30,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 110,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 30,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000 Based on the data for Harding Company, what is the amount of working capital?