HTA 402 Midterm: Sample 2 Mid term Win2011.pdf
Document Summary
The owners of the walton inn, a small lodging operation, has asked for your help in understanding the balance sheets for 2006 and 2007. They have presented you with the condensed balance sheets as follows: 1 what amount of existing debt must be paid during 2008. Assuming the only changes to the mortgage account in 2007 were payments, how much was paid down in 2007. 3 what is the total working capital at the end of 2007. 4 what was the net income for 2007, assuming dividends of ,000 were declared. How has the change in accounts receivable during 2007 affected the cash balance at the end of 2007. How much investment do the walton inn stockholders have in the company at the end of both 2006 and 2007. 7 what is the net book value of the walton inn"s fixed assets at the end of 2007.