Essay About Long-Term Debt And Total Assets

Assets
of sales
Accounts receivable, net
of sales
Inventory
of sales
1,002
Current assets
1,035
1,387
1,859
= [14] + [15] + [16]
Property, net
of sales
Total assets
1,244
1,667
2,234
= [17] + [18]
Liabilities & Net Worth
Notes payable (NP), bank
Assignment
Additional req. financing
Accounts payable
Accrued expenses
of sales
Long-term debt, cur. portion
Current liabilities
1,179
1,659
= sum [20] to [24]
Long-term debt (LTD)
= prev LTD – [24]
Total liabilities
1,215
1,688
= [25] + [26]
Net worth (NW)
= prev NW + [11]
Total liabilities and NW
1,244
1,667
2,234
= [27] + [28]
Note: Total debt
1,083
= [20] + [21] + [24] + [26]
Note: