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The following information pertains to Dallas Company Assume that all balance sheet amounts represent both...

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Accounting

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The following information pertains to Dallas Company Assume that all balance sheet amounts represent both average and ending balance figures and that all sales on credit. Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant, and equipment Total assets $ 40,000 30,000 25,000 280,000 $375,000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-Common Total liabilities and stockholders' equity $ 60,000 95,000 220,000 $375,000

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