5 the proper order nd find the values for X annd...
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Accounting
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the proper order nd find the values for X annd Y Accounts payable Equity Long term debt 45.000 35,000 90,000 Accounts receivable Cash Plant & Equipment Inventory X 10,000 60,000 15,000 Total Assets ts) A coffee distributor had in January 10,000 lbs of coffee valued at $2.20/lb. They bought 5,0oo Ibs at $2.30/lb in Februaty and 5,000 lbs at $2.10/lbin March. In April, they sold 10,000 lbs at S3.10 cach. What is the gross income if inventory is following methods? A) Average value B) FIFO C) LIFO 4) (15 pts) A company had a net income of $150,000 las t year. Depreciation was $40,000, they id $20,000 in dividends and paid back a $50,000 during the year and inventories increased by $10,000. If they started the year with $20,000 $60,000 loan to a bank. Receivables increased by cash in their account, how much cash did they have at the end of the year? 5) (15 pts) GE has 8.69 Billion shares outstanding. Use the attached information on GB compute for 2017 the following ratios: a) Average Collection Period b) Cash per share c) Current Ratio d) Gross Margin Rate e) Debt to Equity 6) (15 pts) GE's new CEO said on Monday: "We remain committed to strengthening the balance sheet including deleveraging". Explain what this statement means
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