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  • Balanceco's Balance Sheets (OOO) : Assets Last Year This Year Sources Uses

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    Marvin Tong
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    Balanceco's balance sheet shows total current assets of $339,000 and total assets of $902,000. Total current liabilities are $381,000 and total liabilities are $500,000. Shareholder's equity includes $400,000 in capital shares and $106,000 in retained earnings. Working capital is $42,000 and the working capital ratio is 1.32. Cash flow activities show cash from operations of $184,000, cash used for investing of $220,000, and cash used for financing of $220,000, resulting in a decrease in cash of $156,000.

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    Book 1

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    Balanceco's balance sheet shows total current assets of $339,000 and total assets of $902,000. Total current liabilities are $381,000 and total liabilities are $500,000. Shareholder's equity includes $400,000 in capital shares and $106,000 in retained earnings. Working capital is $42,000 and the working capital ratio is 1.32. Cash flow activities show cash from operations of $184,000, cash used for investing of $220,000, and cash used for financing of $220,000, resulting in a decrease in cash of $156,000.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
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    8 views4 pages

    Balanceco's Balance Sheets (OOO) : Assets Last Year This Year Sources Uses

    Uploaded by

    Marvin Tong
    Balanceco's balance sheet shows total current assets of $339,000 and total assets of $902,000. Total current liabilities are $381,000 and total liabilities are $500,000. Shareholder's equity includes $400,000 in capital shares and $106,000 in retained earnings. Working capital is $42,000 and the working capital ratio is 1.32. Cash flow activities show cash from operations of $184,000, cash used for investing of $220,000, and cash used for financing of $220,000, resulting in a decrease in cash of $156,000.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 4

    Balanceco's Balance Sheets

    Assets Current

    (OOO)
    Last Year This Year Sources 15 15 123 166 98 132 26 26 262 339 800 160 640 902 920 252 668 1007 Uses 43 34

    Cash Receivables Inventory Prepaids

    Total Current Fixed Cost Less Depreciation Net

    120 92

    Total Assets Liabilities Current

    ST Credit Accts Payable Accrued Expenses Taxes Payable Cur.Por. Of LT Debt

    96 66 16 20 198 140

    252 89 20 20 381 120

    156 23 4

    Total Current LT Debt Shareholder's Equity Capital Shares Retained Earnings Total Liabilities plus Equity Working Capital Working Cap Ratio

    20

    500 64 902

    400 106 1007

    42 317

    100 0 317

    64 -42 1.323232 0.889764

    Cash Derived From Operating Activities: Net income for the year Depreciation & non-cash items: Receivables Inventory Prepaids Accounts Payable Accrued Expenses Taxes Payable total Cash Derived From Financing Activities: Changes in equity Changes in LT Debt Less Dividends Paid total Cash Used for Investing Activities: Purchase of fixed assets Loss or gain on sale of shares total Increase (Decrease) in Cash Net Cash - beginning of year Net Cash - end of year Increase (Decrease) in Cash

    142 92 -43 -34 23 4 184

    -100 -20 -100 -220

    -120 -100 -220 -256 -81 -237 -156

    Growthco's Balance Sheets


    Assets Current

    (OOO)
    Sources Uses 263 165 12 440

    Cash Receivables Inventory Prepaids

    Total Current Fixed Cost Less Depreciation Net 0 620

    -620 -180

    Total Assets Liabilities Current

    ST Credit Accts Payable Accrued Expenses Taxes Payable Cur.Por. Of LT Debt

    90 26 18

    556 0

    Total Current LT Debt Shareholder's Equity Capital Shares Retained Earnings Total Liabilities plus Equity Working Capital Working Cap Ratio 302 1056 1056 382 1.335 60

    134

    556

    Cash Derived From Operating Activities: Net income for the year Depreciation & non-cash items: Receivables Inventory Prepaids Accounts Payable Accrued Expenses Taxes Payable total Cash Derived From Financing Activities: Changes in equity Changes in LT Debt Less Dividends Paid total Cash Used for Investing Activities: Purchase of fixed assets Loss or gain on sale of shares total Increase (Decrease) in Cash Net Cash - beginning of year Net Cash - end of year Increase (Decrease) in Cash

    502 620 -263 -165 -12 90 26 18 816

    0 -60 -162 -222

    0 0 -220 374 -609 -53 550

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