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1. The following items are components of a traditional balance sheet. How much are the total assests of the firm?
Plant and equiptment = $43,300
Common stock = 15,000
Cash = 6,200
Inventory = 20,800
Bad debt reserve = 6,000
Additonal paid- in capital = 6,000
Accumulated depreciation = 28, 100
Account recievable = 22,000
2. Cameron Balance Sheet
Accounts payable and Accruals = 35
Accounts Receivable = 62
Accumulated depreciation = -175
Cash = 31
Common stock = 120
Fixed assests (gross) = 390
Inventory = 128
Long term debt = 200
Retained earnings = 65
What is Cameron Inc’s New Working Capital (if answer is negative please put (-) negative sign?
3. Iris Balance Sheet
Accounts Payable and Accurals = 65
Accounts Recievable = 60
Accumulated Depreciation = -175
Cash = 31
Common stock = 120
Fixed Assets (gross) = 390
Inventory = 130
Long term debt = 200
Retained earnings = 65
What is Iris Inc’s Total Assets (please indicate is answer is negative by using a negative sign (-) )