Solved by verified expert :MNQ Company
Balance
Sheet ($000)
2008
2007
2006
2005
2004
Assets
Current
Assets
Cash and cash equivalents
$250
$225
$191
$160
$192
Accounts receivable
$650
$585
$497
$425
$510
Inventories
$300
$270
$230
$200
$240
Total Current Assets
$1,200
$1,080
$918
$785
$942
Fixed Assets
Property, plant, and equipment
$2,200
$1,870
$1,814
$1,422
$1,400
Less: Accumulated depreciation
$400
$200
$180
$80
$75
Net property, plant, and equipment
$1,800
$1,670
$1,634
$1,342
$1,325
Intangible assets
$300
$240
$220
$210
$205
Total Fixed Assets
$2,100
$1,910
$1,854
$1,552
$1,530
Total
Assets
$3,300
$2,990
$2,772
$2,337
$2,472
Liabilities
and Stockholders’ Equity
Current
Liabilities
Accounts payable
$400
$340
$299
$245
$319
Notes payable
$300
$255
$224
$184
$239
Accrued expenses
$600
$510
$449
$368
$478
Total Current Liabilities
$1,300
$1,105
$972
$797
$1,037
Long-Term
Liabilities
Long-term debt
$400
$380
$370
$350
$345
Deferred taxes
$250
$230
$220
$210
$205
Total Long-Term Liabilities
$650
$610
$590
$560
$550
Total Liabilities
$1,950
$1,715
$1,562
$1,357
$1,587
Stockholders’
Equity
Common stock
$100
$100
$100
$100
$100
Capital surplus
$450
$420
$410
$380
$370
Retained earnings
$800
$755
$700
$500
$415
Total Stockholders’ Equity
$1,350
$1,275
$1,210
$980
$885
Total Liabilities and Stockholders’
Equity
$3,300
$2,990
$2,772
$2,337
$2,472
