Vadero Inc - solution

ASSETS LIABILITIES

Current assets Current liabilities

Cash (300 - 200 - 80 + Payables 20
100 - 15) 105
Receivables 20
Inventory (100 - 75) 25
Non current liabilities

Non current assets

Plant and equipment
(200 - 20) 180

Shareholders equity
Common shares 300
Retained earnings
Revenues 120
Cost of sales (75)
Depreciation (20)
Expenses (15)
10
330 330

Corporate Finance Institute 33768 • 1