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Carnegie Mellon University Operations And Supply Chain Management Assignment Help - Praven Company


Question - Managerial Accounting
Question Details
Praven Company
Statement of Financial Position
December 31, Year 2 and Year 1
(dollars in thousands)

Year 2 Year 1
Current assets:
Cash and marketable securities $150 $130
Accounts receivable, net 190 160
Inventory 170 180
Prepaid expenses 50 40
Total current assets 560 510
Noncurrent assets:
Plant & equipment, net 1,420 1,330
Total assets $1,980 $1,840
Current Liabilities:
Accounts payable $110 $100
Accrued liabilities 90 60
Notes payable, short term 260 260
Total current liabilities 460 420
Noncurrent liabilities:
Bonds payable 400 400
Total liabilities 860 820
Stockholder's equity:
Preferred stock, $5 par, 15% 120 120
Common stock, $10 par 240 240
Additional paid-in-capi ...Read More

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