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Amounts of the assets and liabilities of Alan Sanders RealtyCompany, as of August 31, 2016, are given as follows. Also includedare revenue, expense, and selected stockholders’ equity figures forthe year ended on that date (amounts in millions):
Total revenue 23.3, Receivables 0.7, Current liabilities, 2.3,Common Stock 22.7, Interest expense 0.1, Long term liabilities102.3, investment assets-long term 135.3, property and equipment1.2, other expenses 5.1, retained earnings-beginning 16.1, retainedearnings-ending ???, cash 1.5, other assets-long term 9.1.
The worksheet has a total of nine fields available, the firstthree are for assets, the fourth is Total Current assets as shownbelow:
Field one – ? CASH 1.5
Field two – ? Receivables .7
Field three – ? Property andequipment 1.2
Field four – Total Current assets
Field five – Current Liabilities – 2.3
Field six – ???
Field seven – Common Stock 22.7
Field eight – Retained earnings ???
Field nine – Total liabilities and stockholdersequity ????
Note, There are only nine fields to input information. I havelisted above what I feel some of them should be.
Asked Jan. 11, 2017
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