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1. The following items are components of a traditional balance sheet. How much are the total assests of the firm?

Plant and equiptment = $43,300

Common stock = 15,000

Cash = 6,200

Inventory = 20,800

Bad debt reserve = 6,000

Additonal paid- in capital = 6,000

Accumulated depreciation = 28, 100

Account recievable = 22,000

2. Cameron Balance Sheet

Accounts payable and Accruals = 35

Accounts Receivable = 62

Accumulated depreciation = -175

Cash = 31

Common stock = 120

Fixed assests (gross) = 390

Inventory = 128

Long term debt = 200

Retained earnings = 65

What is Cameron Inc's New Working Capital (if answer is negative please put (-) negative sign?

3. Iris Balance Sheet

Accounts Payable and Accurals = 65

Accounts Recievable = 60

Accumulated Depreciation = -175

Cash = 31

Common stock = 120

Fixed Assets (gross) = 390

Inventory = 130

Long term debt = 200

Retained earnings = 65

What is Iris Inc's Total Assets (please indicate is answer is negative by using a negative sign (-) ) ?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92312924

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