Asset Mix
Use the information in Practice 3 9 to compute the proportion of total assets in each of the following asset categories.
(a) Inventory
(b) Property, Plant, and Equipment
Practice 3 9
Format of Foreign Balance Sheet
Following is a balance sheet presented in standard U.S. format. Rearrange this balance sheet to be in standard British format. Don’t worry about differences in terminology; use the U.S. labels, but present the information in the British format.
|
Current Assets: |
|
|
Cash |
$ 500 |
|
Inventory |
2,000 |
|
Total current assets |
$ 2,500 |
|
Noncurrent Assets: |
|
|
Property, plant, and equipment |
$ 8,000 |
|
Long term investments |
1,700 |
|
Total noncurrent assets |
$ 9,700 |
|
Total assets |
$12,200 |
|
Current Liabilities: |
|
|
Accounts payable |
$ 300 |
|
Short term loans payable |
1,100 |
|
Total current liabilities |
$ 1,400 |
|
Noncurrent Liabilities: |
|
|
Long term debt |
$ 3,000 |
|
Stockholders’ Equity: |
|
|
Common stock, at par |
$ 50 |
|
Additional paid in capital |
2,000 |
|
Retained earnings |
5,750 |
|
Total stockholders’ equity |
$ 7,800 |
|
Total liabilities and stockholders’ equity |
$12,200 |