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Author Question: Consider the balance sheet of Wilkes Industries as shown below. Wilkes has $1,200,000 in common ... (Read 18 times)

agstelzer01

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on: Aug 7, 2023
Consider the balance sheet of Wilkes Industries as shown below. Wilkes has $1,200,000 in common equity. As a result, which of the following can we state regarding Wilkes?

 

Cash

$ 150,000

​

Accounts payable

$ 100,000

Inventory

200,000

​

Accruals

100,000

Accounts receivable

250,000

​

Total current liabilities

200,000

Total current assets

600,000

​

Debt

200,000

Net fixed assets

1,000,000

​

Common shares

300,000

​

​

​

Retained earnings

900,000

Total assets

$1,600,000

​

Total liab. and equity

$1,600,000

​

​

​


◦

25% of Wilkes’ shareholders’ equity comes from accumulated profitable earnings of prior years’ operations.


◦

75% of Wilkes’ shareholders’ equity comes from issuing more shares.


◦

19.75% of Wilkes’ shareholders’ equity comes from issuing more shares.


◦

75% of Wilkes’ shareholders’ equity comes from accumulated profitable earnings of prior years’ operations..

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by agstelzer01 on Aug 7, 2023

senorfranco

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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agstelzer01

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Reply 2 on: Aug 7, 2023
Excellent

momolu

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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