Answer:
a. $825,000
b. $1,175,000
c. $750,000
d. $350,000
e. $3,150,000
f. $2,675,000
g. Accounts payable and accruals
Step-by-step explanation:
a. Total debt is long term debt $825,000
b. The amount of liability apearing on balance sheet is $1,175,000 ($825,000 + $350,000)
The amount of equity appearing in balance sheet is $2,000,000
c. Current Assets balance on the balance sheet is $750,000 ($3.5m - $2.75m)
the difference of total assets and net plant equipment.
d. Current liabilities to be reported on the balance sheet is $350,000 and the amount of accounts payable and other payable.
e. Net working capital is calculated by taking total assets and then deducting current liabilities from it. $3,150,000 ($3500,000 - $350,000)
f. Operating working capital is calculated by subtracting total liablities from total assets. $2,675,000 ($3,500,000 - $825,000)
g. The amount of accounts payable and accruals is not provided in the question the amount will be reported in the balance sheet.
