Business, 13.09.2019 04:20 gwendallinesikes

Green caterpillar garden supplies inc.
balance sheet for year ending december 31 ($ million)
current assets: year 1 year 2
cash and equivalent 1384 1107
account receivable 504 405
inventories 1485 1188
total current assets 3375 2700
net fixed assets
net plant & equipment 4125 3300
total assets 7500 6000
liabilities and equity
current liabilities:
account payable 0 0
accruals 70 0
notes payable 399 375
long term debt 1406 1125
total debt 1875 1500
common equity
common stock 3656 2925
retained earning 1969 1575
total common equity 5625 4500
total liabilities & equity 7500 6000
statement #2: in year 2, green caterpillar garden supplies inc. was profitable. this statement is because:
(a) green caterpillar’s total assets increased between years 1 and 2.
(b) the cash and equivalents account increased between years 1 and 2.
(c) green caterpillar’s retained earnings account increased between the end of years 1 and 2.

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Green caterpillar garden supplies inc.
balance sheet for year ending december 31 ($ million)

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