A Company has reported the following assets and liabilities on January 1, 2012.

Question

A Company has reported the following assets and liabilities on January 1, 2012. The only item of their balance sheet missing below is common stockholders’ equity (CSE).

PPE, net $4,174
Goodwill 2,203
Cash and cash equivalents (operating cash) 498
Restricted cash 125
Short-term investments 11
Accounts receivable 1,868
Merchandise inventory 4,753
Other current assets (operating) 1,062
Investment in available-for-sale securities 300
Long-term equity investments in associates 1,200
Accounts payable 3,225
Short-term debt (interest bearing) 783
Bonds payable, 10-year, 7% 1,000
Deferred tax liability 1,425
Preferred stock, 9%, redeemable 1,300

1. What is the amount of Alpha’s net operating asset (NOA) on January 1, 2012?

A. $15758 B. $11,108 C. $10,610 D. $14,558

2. What is the amount of Alpha’s net financial obligation (NFO)?

A. $2,647 B. $3,083
B. $1,347 D. $1,783

3. What is the company’s common stockholders’ equity?

A. $16,194 B. $15,758
C. $9,761 D. $8,461

Explanation / Answer

Answers in order 1. C. $10,610 add all assets 2. A. $2,647 3. D. $8,461 please rate appreciated

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