Lucid-Statements

LOWE'S Balance Sheets (in millions) Fiscal 2013 Fiscal 2012 Amount Percent Amount Percent Assets Current Assets Cash S 391 1.2% $ 541 1.7% Short-term Investments 185 0.6 125 0.4 Inventory 9.127 27.9 8,600 26.3 Other Current Assets 593 1.8 S18 1.6 Property and Equipment, Net Other Assets 20.834 63.6 21.477 65.7 1.602 $32.732 1405 S32.666 100,0% 4.9 4.3 Total Assets 100.0% Liabilities and Stockholders' Equity Current Liabilities S 8.876 27.1% $ 7,708 23.6% Long-term Liabilities 12003 36.7 11.101 34.0 Total Liabilities 20.879 63.8 18.809 57.6 11.853 $32732 36.2 Stockholders' Equity Total Liabilities and Stockholders' Equity 13,857 42.4 J00.0% $32,666 100.0% LOWE'S Income Statements (in millions) Fiscal 2013 Fiscal 2012 Amount Percent Amount Percent Net Sales Revenue $53,417 100.0% $50,521 100.0% Cost of Sales 34,941 65.4 33,194 17,327 65.7 Gross Profit 18,476 34.6 34.3 14,327 26.8 27.3 Operating and Other Expenses Interest Expense Income Tax Expense 13,767 476 0.9 423 0.8 1.387 2.6 1,178…

The most recent financial statements for Crosby, Incorporated, appear below. Sales for 2022 are projected to grow by 20 percent. Interest expense will remain constant, the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. Sales Costs Other expenses Earnings before interest and taxes Interest expense Taxable income Taxes (24%) CROSBY, INCORPORATED 2021 Income Statement Net income Dividends Addition to retained earnings Current assets Cash Accounts receivable Inventory $31,335 69,745 $ 20,640 43,580 91,960 $747,000 582,000 18,000 FA $147,000 14,000 $ 133,000 31,920 $ 101,080 CROSBY, INCORPORATED Balance Sheet as of December 31, 2021 Assets Seved Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total $ 54,800 14,000 $ 68,800 MA000

Ratio Analysis Consider the following information taken from GER's financial statements:   September 30(in thousands)   2020   2019 Current assets:           Cash and cash equivalents $1,274 $6,450     Receivables 30,071 16,548     Inventories 31,796 14,072     Other current assets 4,818 2,620         Total current assets $67,959 $39,690 Current liabilities:     Current portion of long-term debt $97 $3,530     Accounts payable 23,124 11,228     Accrued compensation costs 5,606 1,929     Accrued expenses 9,108 5,054     Other current liabilities 874 777         Total current liabilities $38,809 $22,518 Also, GER's operating cash flows were $11,255 and $13,736 in 2020 and 2019, respectively. 4.  Calculate the operating cash flow ratios for 2020 and 2019.   Operating Cash Flow Ratio 2020 fill in the blank 7 2019 fill in the blank 8

Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 428,571.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,035.00 Interest expense 40,500 42,155.00 Inventories 279,000 288,000 Long-term debt 339,577.00 401,377.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,171.00 Retained earnings 306,000 342,000 Sales 639,000 849,094.00 Taxes 24,750 47,192.00 What is the current year's entry for long-term debt on a common-sized balance sheet? (ROUND TO 4 DECIMAL PLACES.)

Current Assets Cash F Accounts Receivable Inventory Balance Sheet and Income Statement Data December 31, 2021 Total Current Assets Property, Plant, and Equipment Less: Accumulated Depreciation Total Assets Current Liabilities Accounts Payable Notes Payable Income Taxes Payable Total Current Liabilities Bonds Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings $193,000 383,000 206,000 782,000 1,241,000 (476,000) 765,000 $1.547.000 $155,000 61,000 107.CO 323,000 340,000 663,000 510,000 374,000 884,000 Total Stockholders' Equity Total Liabilities & Stockholders' Equity $1.547.000 Additional Information: 1. Net Income for the year ending December 31, 2021 was $164,000 December 31, 2020 $115,000 316,000 334,000 765,000 1,122,000 (442,000) 680,000 $1.445.000 $102,000 68,000 76,500 246,500 391,000 637,500 467,500 340,000 807,500 $1.445.000 2. During the year, the company sold equipment with an original cost of $147,000 and accumulated depreciation of $119,000. 3.…

(Calculating financial ratios) The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows: Operating return on assets Debt ratio Average collection period Fixed asset turnover Return on equity Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin The company's current ratio is (Round to two decimal places.) . Calculate the following ratios:

Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 431,139.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,349.00 Interest expense 40,500 41,741.00 Inventories 279,000 288,000 Long-term debt 337,728.00 398,725.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,280.00 Retained earnings 306,000 342,000 Sales 639,000 847,106.00 Taxes 24,750 48,618.00 What is the current year's return on assets (ROA)? (Round to 4 decimal places.)

Cash Short-term investments Receivables (net) Inventory Total current liabilities (a) December 31, 2020 $40,400 20,300 113,375 78,070 105,500 Current ratio December 31, 2019 $32,700 18,400 During 2020, net sales were $1,441,125, and cost of goods sold was $1,091,775. :1 92,500 67,500 91,500 Compute the current ratio at December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.)

Current Attempt in Progress   XYZ provided the following financial information: XYZBalance SheetAs of 12/31/19 Assets:       Liabilities and Equity:          Cash and marketable securities   $27,476      Accounts payable and accruals   $154,860      Accounts receivable   $143,519      Short-term notes payable   $21,255      Inventory   $212,379      Total current liabilities   $176,115      Total current assets   $383,374      Long term debt   $155,510      Net plant and equipment   $602,704      Total liabilities   $331,625      Goodwill and other assets   $42,422      Common stock   $312,719              Retained earnings   $384,156         Total assets   $1,028,500         Total liabilities and equity   $1,028,500   In addition, it was reported that the firm had a net income of:   $158,402 and net sales of:   $4,272,431 Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g.…

Category Prior Year Current Year Accounts payable ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 431,516.41 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 55,946.66 Interest expense 40,500 41,874.31 Inventories 279,000 288,000 Long-term debt 336,467.85 401,942.46 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 161,499.58 Retained earnings 306,000 342,000 Sales 639,000 854,554.01 Taxes 24,750 48,384.56 ??? What is the current year's return on equity (ROE)? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign re rounded to 4 decimal places (ex: 0.0924))

Blue Water Prime Fish Balance sheet: $ 41,200 $ 20,800 Cash Accounts receivable (net) Inventory Property & equipment (net) 39,000 31,600 98,eee 143,000 41,200 403,400 84, 200 $ 405,400 $ 98,eee 66,400 Other assets 307,000 $ 804,000 $ 52,000 60,400 Total assets Current liabilities Long-term debt (interest rate: 10%) Capital stock ($10 par value) Additional paid-in capital Retained carnings 149,400 29, 200 62,400 $ 405,400 514,000 106, 200 71,400 $ 804,000 Total liabilities and stockholders' equity Income statement: Sales revenue (1/3 on credit) Cost of goods sold Оperating exхрenses Net income $ 444,eee (240,000) (161,400) $ 42,600 $ B00, 000 (400, 200) (311,200) $ 88,600 Other data: Per share stock price at end of current year Average income tax rate Dividends declered and paid in current year 22.2 17 30% $ 33,200 $ 149,000 Both companies are in the fish catching and manufacturing business. Both have been in business approximately 10 years, and each has had steady growth. The…

Consolidated Income Statements In millions of dollars     Year ended Dec 31, 2020   Year ended Dec 31, 2019   Year ended Dec 31, 2018   Net sales   $ 9,385   $ 9,715   $ 10,154   Cost of goods sold   6,306   6,496   6,636   Selling, general, and administrative expenses   3,713   3,701   11,072       Consolidated Balance Sheets In millions of dollars ASSETS   As of Dec 31, 2020   As of Dec 31, 2019   Cash and cash equivalents   $ 981   $ 349   Accounts receivable, net   1,678   1,842   Inventories   1,638   1,606   Prepaid expenses and other current assets   331   313          Total current assets   $ 4,628   $ 4,110   Which inventory cost flow assumption does Newell Brands use to value its inventories? LIFO FIFO Weighted Average Cost Specific Identification     What is the most likely reason that Newell Brands…

This Year Last Year Assets     Current assets:     Cash $360,000  $310,000  Marketable securities 220,000  80,000  Accounts receivable, net 775,000  700,000  Inventory 925,000  750,000  Other current assets 355,000  195,000  Total current assets 2,635,000  2,035,000  Plant and eqipment, net 1,975,000  1,800,000  Other assets 75,000  100,000  Total assets $4,685,000  $3,935,000  Liabilities and Stockholders' Equity     Current Liabilities:     Accounts payable $250,000  $225,000  Short-term bank loans 750,000  600,000  Accrued payables 550,000  395,000  Other current liabilities 275,000  223,400  Total current liabilities 1,825,000  1,443,400  Bonds payable, 10% 575,000  400,000  Total liabilities 2,400,000  1,843,400  Stockholders' equity:     Common stock 1,150,000  1,150,000  Retained earnings 1,135,000  941,600  Total stockholders' equity 2,285,000  2,091,600  Total liabilities and stockholders' equity $4,685,000  $3,935,000…

Balance Sheets Metropolitan Republic Assets Cash Accounts receivable (net) Short-term investments Inventory Prepaid expenses and other current assets Current assets 263.3 42.4 495.7 394.0 7.8 703.2 558.7 542.4 196.6 Property, plant, and equipment (net) Intangibles and other assets $ 1,498.0 2,686.2 283.3 $ 1,706.2 2,529.3 569.3 $ 4,467.5 $ 4,804.7 Total assets Liabilities and Shareholders' Equity Accounts payable 551.9 294.1 661.2 765.2 623.4 Short-term notes 608.5 Accruals and other current liabilities $ 1,997.1 $ 1,507.2 623.6 Current liabilities 623.3 Long-term debt Deferred tax liability Other long-term liabilities 452.6 684.7 193.0 178.1 Total liabilities $ 2,776.4 $3,483.2 418.0 Common stock (par and additional paid-in capital) Retained earnings Less: Treasury stock 212.9 2,546.9 (1,068.7) $ 4,467.5 1,680.9 (777.4) $ 4,804.7 Total liabilities and shareholders' equity Income Statements $ 5,772.0 (2,837.0) $ 2,935.0 (1,662.7) (68.8) $ 1,203.5 (311.7) 891.8 $ 7,839.2 (4,408.7) $…

Category Prior Year Current Year Accounts payable 3,123.00 5,969.00 Accounts receivable 6,987.00 8,940.00 Accruals 5,642.00 6,108.00 Additional paid in capital 19,885.00 13,325.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,986.00 18,120.00 Current portion long-term debt 500 500 Depreciation expense 1,035.00 988.00 Interest expense 1,290.00 1,167.00 Inventories 3,006.00 6,743.00 Long-term debt 16,856.00 22,001.00 Net fixed assets 75,521.00 74,000.00 Notes payable 4,072.00 6,540.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,244.00 34,874.00 Sales 46,360 45,055.00 Taxes 350 920 What is the firm's cash flow from financing?

Marina Company                                       Statement of Financial Position                                                     June 30, 2020   AssetsCurrent Assets              Cash                                                        P 21,000.00              Accounts Receivables                               160,000.00              Merchandise Inventory                             300,000.00              Prepaid Expenses                                          9,000.00Total Current Assets                                             P 490,000.00Property, Plant and Equipment                               810,000.00Total Assets                                                        P 1,300,000.00 Liabilities and EquityLiabilities:                Current Liabilities                                  P 200,000.00                Bonds Payable, 10%                                 300,000.00Total Liabilities                                                       P 500,000.00Equity:…

Marina Company                                       Statement of Financial Position                                                     June 30, 2020   AssetsCurrent Assets              Cash                                                        P 21,000.00              Accounts Receivables                               160,000.00              Merchandise Inventory                             300,000.00              Prepaid Expenses                                          9,000.00Total Current Assets                                             P 490,000.00Property, Plant and Equipment                               810,000.00Total Assets                                                        P 1,300,000.00 Liabilities and EquityLiabilities:                Current Liabilities                                  P 200,000.00                Bonds Payable, 10%                                 300,000.00Total Liabilities                                                       P 500,000.00Equity:…

Marina Company                                       Statement of Financial Position                                                     June 30, 2020   AssetsCurrent Assets              Cash                                                        P 21,000.00              Accounts Receivables                               160,000.00              Merchandise Inventory                             300,000.00              Prepaid Expenses                                          9,000.00Total Current Assets                                             P 490,000.00Property, Plant and Equipment                               810,000.00Total Assets                                                        P 1,300,000.00 Liabilities and EquityLiabilities:                Current Liabilities                                  P 200,000.00                Bonds Payable, 10%                                 300,000.00Total Liabilities                                                       P 500,000.00Equity:…

Panda Bhd is a company that listed on Bursa Malaysia. It has finally succeeded in acquiring a controlling interest in its principle supplier, Stone Bhd. On 1 April 2020, Panda purchased 44,680 shares in Stone Bhd. The consideration consisted of two elements: a share exchange of three shares in Panda for every five acquired shares in Stone and the issue of a RM100 6% loan note for every 500 shares acquired in Stone. None of the purchase consideration, both share issue and issue of the loan notes has yet been recorded by Panda. At the date of acquisition, shares in Panda had a market value of RM5 each and the shares of Stone had a stock market price of RM3.50 each. The retained earnings of Stone on the date of acquisition was RM18,000. Panda group uses the fair value method to value the non-controlling interest. At the date of acquisition, the share price of Stone can be deemed to be representative of the fair value of the shares held by the non controlling interest. On 1 April 2020, the…

Northrend Clothiers reported the following selected items at July 31, 2024 (last year's-2023-amounts also given as needed): (Click the icon to view the financial data.) Compute Northrend's (a) acid-test ratio, (b) accounts receivable turnover ratio, and (c) days' sales in receivables for the year ending July 31, 2024. Evaluate each ratio value as strong or weak. Northrend sells on terms of net 30. (Round days' sales in receivables to a whole number.) (Ignore leap-years, using a 365-day where needed.) (a) Compute Northrend's acid-test ratio. (Round your final answer to two decimal places. Abbreviation used: Avg. = Average; Invest. = Investment, Liab. = Liabilities; Merch. = Merchandise, Receiv. = Receivable; Rev. Revenue.) + + + )+ )+ = Acid-test ratio

Consolidated Cash Flow Statement of Pineda Corporation and its subsidiary Swamy Corporation as of December 2019 and 2020: Assets 2020 2019 Net Change Incr. (Decr.)                        $                $ $ Cash                  313,000            195,000                118,000 Marketable equity securities (at cost)                  175,000            175,000   Allowance to reduce marketable equity securities to market                 (13,000)            (24,000)                  11,000 Accounts receivable (net)                  418,000            440,000               (22,000) Inventories                  595,000            525,000                 70,000 Land                  385,000            170,000               215,000 Plant and equipment                  755,000            690,000                 65,000 Accumulated depreciated               (199,000)          (145,000)…

Complete the financial statement for MY Company. Cash Receivables Inventories Prepaid expenses Total current assets Plant assets Other assets Total assets . $95 575 822 [Select] Type of Financial Statement: [Select] [ Select] [ Select] 2,800 $8.400 . Debt Ratio is 0.6 Current Ratio is 1.2 MY Company December 31, 2018 (Dollars in thousands) V > Total current $1.700 liabilities Long- term debt Other long- term liabilities Share capital Total liabilities [ Select] and equity 810 Retained 2.645 earnings 183 Use the following data to complete MY Company's Balance Sheet. [Select]

Crane Company has these comparative balance sheet data: CRANE COMPANYBalance SheetsDecember 31     2022   2021 Cash   $ 27,105   $ 54,210 Accounts receivable (net)   126,490   108,420 Inventory   108,420   90,350 Plant assets (net)   361,400   325,260     $623,415   $578,240 Accounts payable   $ 90,350   $ 108,420 Mortgage payable (15%)   180,700   180,700 Common stock, $10 par   252,980   216,840 Retained earnings   99,385   72,280     $623,415   $578,240 Additional information for 2022: 1.   Net income was $27,900. 2.   Sales on account were $382,300. Sales returns and allowances amounted to $29,000. 3.   Cost of goods sold was $207,500. 4.   Net cash provided by operating activities was $57,000. 5.   Capital expenditures were $28,900, and cash dividends were $17,900. Compute the following ratios at December 31, 2022. (Round current ratio and inventory turnover to 2 decimal…

Assets Line Item Description Amount Cash and short-term investments $39,965 Accounts receivable (net) 29,855 Inventory 25,669 Property, plant, and equipment 257,215 Total assets $352,704   Liabilities and Stockholders’ Equity Line Item Description Amount Current liabilities $68,970 Long-term liabilities 99,521 Common stock, $20 par 120,220 Retained earnings 63,993 Total liabilities and stockholders' equity $352,704   Income Statement Line Item Description Amount Sales $80,599  Cost of goods sold (36,270) Gross profit $44,329  Operating expenses (28,493) Net income $15,836    Line Item Description Amount Shares of common stock 6,011 Market price per share of common stock $20 Dividends per share $1.00 Cash provided by operations $40,000 What is the return on stockholders' equity?

Assets: Cash Accounts receivable Inventories Total current assets Net fixed assets Total assets Liabilities and equity: Accounts payable Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total common equity Total liabilities and equity $ $ $ $ $ $ $ 2015 200,000 864,000 2,000,000 3,064,000 6,000,000 9,064,000 1,400,000 1,600,000 3,000,000 2,400,000 3,000,000 664,000 3,664,000 9,064,000 2014 170,000 700,000 1,400,000 $2,270,000 5,600,000 $7,870,000 $ $1,090,000 1,800,000 $2,890,000 2,400,000 2,000,000 580,00 $2,580,000 $7,870,000 If a firm has EBIT = 1,350,000 and 40% Tax rate, calculate Free Cash Flow.

cash flow statment Assets Long term investments long-term assets Brand name & Goodwell The comparative statements of financial position of Lopez Inc. at the beginning and the end of the year 2022 appear as follows. Inventory Accounts receivable Cash Total J Equity and Liabilities Share capital ordinary Retained earnings Accounts payable Income Tax payable Total Ć Lopez Inc. Statements of Financial Position Dec.31, 2022 $ 56,000 115,000 50,000 100,000 65,000 12,000 $398,000 $250,000 61,000 53,000 34,000 $398,000 Jan. 1, 2022 $ 40,000 150,000 43,000 60,000 40,000 43,000 $376,000 $ 200,000 91,000 75,000 10,000 $376,000 Additional information Net income $90,000 Deprecation on long term assets $25,000 dividends of $15,000 were paid in 2022 a long-term asset with a net book value of $10,000 were sold at a gain of $17,000 Instructions From the information given above, prepare a Cash Flow Statement for Lopez Inc. for the period ending 31st Dec., 2022 (Using indirect method). Show very clearly…

view Policies Current Attempt in Progress Using these data from the comparative balance sheet of Cullumber Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.) Dec. 31, 2022 Dec. 31, 2021 Amount Percentage Amount Percentage Accounts receivable $ 467,400 $ 410,000 Inventory $ 785,400 % $ 660,000 % Total assets $3,197,900 % $2,830,000 % eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer

Vertical Analysis of Balance Sheets Consolidated balance sheets for Winged Manufacturing follow. Winged ManufacturingConsolidated Balance Sheets(dollars in thousands)   December 31 ASSETS 2023 2023 Current assets: Cash and cash equivalents $1,228,488   $676,413   Short-term investments 54,368   215,890   Accounts receivable, net of allowance for doubtful accountsof $90,992 ($83,776 in 2022) 1,581,347   1,381,946   Inventories 1,088,434   1,541,638   Deferred tax assets 293,048   268,085   Other current assets 255,767   289,383   Total current assets $4,501,452   $4,373,355   Property, plant, and equipment: Land and buildings $484,592   $404,688   Machinery and equipment 587,728   578,272   Office furniture and equipment 158,160   167,905   Leasehold improvements 236,708   261,792     $1,467,188   $1,412,657   Accumulated depreciation and amortization (785,088)   (753,111)   Net property, plant, and equipment $682,100   $659,546   Other assets…

Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: ($ in millions) ACME Corporation Wayne Enterprises Current assets: Cash and cash equivalents $519 $185 Current investments 7 461 Net receivables 618 106 Inventory 10, 645 7,609 Other current assets 1,251 155 Total current assets $13,040 $8,516 Current liabilities: Current debt $7,621 $4,464 Accounts payable 1,707 961 Other current liabilities 1, 148 2,552 Total current liabilities $10,476 $7,977 Required: 1-a. Calculate the current ratio for ACME Corporation and Wayne Enterprises. 1-b. Which company has the more favorable ratio? 2-a. Calculate the acid-test (quick) ratio for ACME Corporation and Wayne Enterprises. 2-b. Which company has the more favorable ratio?

Vertical Analysis of Balance Sheets Consolidated balance sheets for Winged Manufacturing follow. Winged ManufacturingConsolidated Balance Sheets(dollars in thousands)   December 31 ASSETS 2023 2023 Current assets: Cash and cash equivalents $1,203,488   $676,413   Short-term investments 54,368   215,890   Accounts receivable, net of allowance for doubtful accountsof $90,992 ($83,776 in 2022) 1,581,347   1,381,946   Inventories 1,088,434   1,506,638   Deferred tax assets 293,048   268,085   Other current assets 255,767   289,383   Total current assets $4,476,452   $4,338,355   Property, plant, and equipment: Land and buildings $484,592   $404,688   Machinery and equipment 572,728   578,272   Office furniture and equipment 158,160   167,905   Leasehold improvements 236,708   261,792     $1,452,188   $1,412,657   Accumulated depreciation and amortization (785,088)   (753,111)   Net property, plant, and equipment $667,100   $659,546   Other assets…

Harding Company Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory Long-term investments Long-term liabilities $33,881 67,862 6,549 24,569 44,827 81,635 119,652 79,434 27,140 Notes payable (short-term) Property, plant, and equipment 665,660 Prepaid expenses Temporary investments 1,979 38,326 Based on the data for Harding Company, what is the amount of working capital? a.$663,681 b.$214,371 c.$146,801 d.$1,044,510

Vertical Analysis of Balance Sheets Consolidated balance sheets for Winged Manufacturing follow. Winged ManufacturingConsolidated Balance Sheets(dollars in thousands)   December 31 ASSETS 2023 2023 Current assets: Cash and cash equivalents $1,203,488   $676,413   Short-term investments 54,368   215,890   Accounts receivable, net of allowance for doubtful accountsof $90,992 ($83,776 in 2022) 1,581,347   1,381,946   Inventories 1,088,434   1,506,638   Deferred tax assets 293,048   268,085   Other current assets 255,767   289,383   Total current assets $4,476,452   $4,338,355   Property, plant, and equipment: Land and buildings $484,592   $404,688   Machinery and equipment 572,728   578,272   Office furniture and equipment 158,160   167,905   Leasehold improvements 236,708   261,792     $1,452,188   $1,412,657   Accumulated depreciation and amortization (785,088)   (753,111)   Net property, plant, and equipment $667,100   $659,546   Other assets…

Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows:                                           ACME Corporation       Wayne EnterprisesCurrent assets:Cash and cash equivalents         $ 2,494                           $ 541Current investments                                                            125Net receivables                             1,395                              217Inventory                                     10,710                            8,600Other current assets                        773                               301Total current assets                     $15,372                          $9,784Current liabilitiesCurrent debt                               $ 1,321                              $ 47Accounts payable                           8,871                            5,327Other current liabilities                  1,270                            2,334Total current…