Wednesday, February 23, 2022

Accounting | Question in description | Question 10

Using the following accounts from A-Mart, Incorporated's balance sheet for the year fading December 31,20 answer the questions below. Note that all figures are millions. 

Current Portions. of L T. Debt                       60

Leasehold improvements               300

Accrued expenses 40

Accumulated deprecation   200

Cross fixed assets  900

Accounts Payable  90

Inventories  190

Common Stock (Phpl 00 per)  400

Short-term bank loan     20

Net Accounts receivable  100

Long-term balk loan  200

Cash 120 


  1. A-Mart's current assets are 
  2. A-Marrs current Irablities are 
  3. A-Marrs total assets 
  4. A-Marrs total liabilities
  5. A-Mart's total stockholders equity 


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