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Any additional, non-textbook Reading Assignments will provide text access/location information below. 1. Finance for Managers. XXXXXXXXXXLicensed under Creative Commons by-nc-sa 3.0. Download thePDF...

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Any additional, non-textbook Reading Assignments will provide text access/location information below.

1.Finance for Managers. XXXXXXXXXXLicensed under Creative Commons by-nc-sa 3.0. Download thePDF version.
  • ReadChapter 4 - Pages 27-57
  • ReadChapter 15 - Pages XXXXXXXXXX

2.SEC.gov | Bankruptcy: What happens when public companies go bankrupt. (2009, February 3). Sec.Gov.https://www.sec.gov/reportspubs/investor-publications/investorpubsbankrupthtm.html

3.Bankruptcy XXXXXXXXXXUnited States Courts.https://www.uscourts.gov/services-forms/bankruptcy

Answered 5 days After Apr 08, 2021

Solution

Tanmoy answered on Apr 14 2021
147 Votes
Balance Sheet
    Balance Sheet items    2018        2017
    CURRENT ASSETS
    Cash    456,500        222,400    Cash increase - due to no dividends paid in 2018
    Receivables    3,936,400        3,320,000
    Inventory    89,800        100,200    Inventory Turnover ratio 2017        49
    Other assets    1,169,500        934,300    Inventory Turnover ratio 2018        72
    Total cu
ent assets    5,652,200        4,576,900    Cu
ent ratio 2017:        1.39
                    Cu
ent ratio 2018:        1.70
    LONG TERM ASSETS
    Note Receivable    380,600        280,700    Some additional debt acquired in 2018
    Equipment (net of depreciation)    975,000        1,017,800
    Total long term assets    1,355,600        1,298,500
    TOTAL ASSETS    7,007,800        5,875,400
    LIABILITIES AND STOCKHOLDERS' EQUITY                Debt ratio 2017:        0.43
                    Debt ratio...
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