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Essay's paper info

Topic:	Business
Number of pages / Number of words:	2 / 381

Essay's paper body

PROBLEM:

Following is the 2006 balance sheet for Sumi Industries. Complete the balance sheet by using the information that follows it.

Sumi Industries

Balance Sheet

As on December 31, 2006

Cash Rs. 30,000 Accounts payable Rs. 120,000

Marketable securities 25,000 Notes payable ???

Accounts receivable ??? Accruals 20,000

Inventory ??? Total current liabilities ???

Total current assets ??? Long?term debt ???

Net fixed assets ??? Stockholderâ€™s equity 720,000

Total Assets ??? Total liabilities &

Stockholderâ€™s Equity ???

The following financial data for 2006 are also available:

(1) Sales totaled Rs...

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