Finance
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?