Financial statements for Computron Industries, a manufacturer of electronic calculators are given below: 2019 2018...

80.2K

Verified Solution

Question

Finance

image

Financial statements for Computron Industries, a manufacturer of electronic calculators are given below: 2019 2018 Cash 420 300 Short-term investments 105 75 Accounts receivable 840 600 Inventories 1,050 750 Total current assets 2,415 1,725 Net Plant & Equipment 1,449 1,035 Total assets $3.864 $2.760 Liabilities and Equity Accounts payable $756 $540 Notes payable 840 600 Accruals 100 100 Total current liabilities 1,696 1,240 Long-term debt 315 225 Common stock 660 660 1,193 635 Retained earnings Total equity 1,853 1,295 Total liabilities and equity $3.864 $2.760 NOWC for 2019 is? $1,010 $1,559 $1,454 $719

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students