If long-term liabilities are $80,000 and total assets are $535,000, what percentage of total assets are long-term liabilities
If long-term liabilities are $80,000 and total assets are $535,000, what percentage of total assets are long-term liabilities
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THIS IS A STARTUP BUSINESS AND THESE ARE PROJECTIONS.THE ASSETS AND LIABILITIES WILL NOT EQUAL.
INCREASE EACH YEAR BY 5%
As of ___/___/___ | |||||||||
BALANCE SHEET | |||||||||
Current Assets: | 2017 | 2018 | 2019 | ||||||
CASH ON HAND | $ 500.00 | ||||||||
CASH IN BANK | 0 | ||||||||
CASH IN BANK -CDS | 0 | ||||||||
ACCOUNTS RECEIVABLE | 0 | ||||||||
RESERVE FOR BAD DEBT | 0 | ||||||||
INVENTORY | 4000 | ||||||||
TOTAL CURRENT ASSESTS | $ 4,500.00 | ||||||||
FIXED ASSETS | |||||||||
MACHINERY & EQUIPMENT | 4335 | ||||||||
FIXTURES & EQUIPMENT | 500 | ||||||||
RESERVE FOR DEPRECIATION | 0 | ||||||||
TOTAL FIXED ASSESTS | $ 4,835.00 | ||||||||
TOTAL ASSETS | $ 9,335.00 | ||||||||
LIABILITIES | |||||||||
CURRENT LIABILITIES | 0 | ||||||||
ACCOUNTS PAYABLE | 0 | ||||||||
CURRENT PORTION LONG TERM DEBT | 0 | ||||||||
TOTAL CURRENT LIABILITIES | 0 | ||||||||
LONG TERM LIABILITIES | |||||||||
NOTES PAYABLE | BANK | $ 25,000.00 | |||||||
TOTAL LONG TERM LIABILITIES | $ 25,000.00 | ||||||||
EQUITY | |||||||||
OWNERS EQUITY | $ 25,000.00 | ||||||||
TOTAL LIABILITIES & EQUITY | $ 39,170.00 | ||||||||
