Asset

Cash $3,610

Account Receivable(Less Allowancce of 168) $510

Inventory $5,202

Prepaid Expense $532

Total curerent Asset $9,854

Property, Plant & Equip…Net $7,964

Other Asset $188

Total Asets $18,006

Liabilities & Shareholder’s Equity

Account Payable $1,961

Wages Payable $934

Current Note Payable $188

Total Current Libilities $3,083

Long-term Debt $2,582

Total Liabilites $5,665

Shareholder’s Equity

Common Stock…$.01 Par $313

Additional Paid in capital $3,683

Retained Earning $8,345

Total Shareholder’s Equity $12,341

Total Liabilities & Shareholder’s Equity $18,006

Create a Balance Sheet for HD Chocolate for December 31, 2019 Answer the following questions concerning the Balance Sheet you have just completed (please show your work)

 

1).What percent of the assets are financed by debt?

2.What is the debt to equity ratio for HD Chocolates

3. What does the current ratio reveal about a corporation and how is it used in decision making?

4. Where would you look to find the amount of accumulated depreciation for HD Chocolate?

5.What is the current ratio for HD Chocolate?

6. How do we determine if a liability is current?

7 Where would you look to determine HD Chocolate’s interest payment amounts?

 

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