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solution

Balance Sheet

a) Your company has current assets of $316,400, total assets of $969,400, current liabilities of $252,800 and long-term debt of $428,200.

b) What is the value of total liabilities?

c) What is shareholders equity?

d) What is the networking capital (NWC)?

e) What is the value of the long-term assets?

Assets = liabilities + stockholders’ equity NWC = current assets – current liabilities Total assets = current assets + long-term assets Total liabilities = current liabilities+ long-term debt

f) The balance sheet of Global Mills shows cash of $41,800, accounts receivable of $190,400 and inventory of $415,700. Long-term assets have a book value of $1,521,600 which is comprised of a building and some equipment. You can sell inventory for $387,000. You expect to collect only $187,000 of the accounts receivable. The equipment can be sold for $610,000 and the building for $965,000.

g) What is the book value and market value (MV) of assets? Which is higher?

Book Value of Assets=Current Assets + Long-term Assets MV of Assets= MV of current assets +MV of long-term assets

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