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# I have an assignment on building a Balance Sheet. There are 4 questions. Penguin Pucks, has current assets of \$5,100, net fixed assets of \$23,800, current liabilites of \$4,3000, and long-term debt of \$7,400. What is the value of shareholders' equity account for this firm? How much is net working capital? #2 Problem. Building an Income Statement. The company has sales of \$586,000 costs of \$247,000, depreciation expense of \$43,000, interest expense of \$32,000, and a tax rate of \$35 percent. What is the net income of this company? #3 Problem. Dividends and Retained Earnings. Suppose the firm in Problem #2 paid out \$73,000 in cash dividends. What is the addition to retained earnings? #4 Problem. Per-Share Earnings and Dividends. If Problem #3 had 85,000 share of common stock outstanding. What is the earnings per share, or EPS figure? What is the dividends per share figure?

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If this is your assignment Having someone else do it for you would be cheating and unfair to other candidates competing for a pass.

Perhaps your application for assistance in understanding the project should be directed to youre lecturer.

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Step 3 - set all numbers to the right of the hundreds column to 0.

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Solvency, in finance or business, is the degree to which the current assets of an individual or entity exceed the current liabilities of that individual or entity.[1]Solvency can also be described as the ability of a corporation to meet its long-term fixed expenses and to accomplish long-term expansion and growth.[2]This is best measured using the net liquid balance (NLB) formula. In this formula solvency is calculated by adding cash and cash equivalents to short-term investments, then subtracting notes payable.[3]

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