Asset Mix
Use the information in Practice 3 2 to compute the proportion of total assets in each of the following asset categories. Assume that the list contains all the asset items.
(a) Inventory
(b) Property, Plant, and Equipment
Current Liabilities
Using the following information, compute total current liabilities:
Accrued Income Taxes Payable |
$ 9,000 |
Notes Payable (due in 14 months) |
1,100 |
Paid In Capital |
1,750 |
Treasury Stock |
400 |
Current Portion of Long Term Debt |
10,000 |
Unearned Revenue |
250 |
Accounts Payable |
700 |
Retained Earnings |
1,000 |
Additional Paid In Capital |
4,000 |