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What is Colleagues Co. Financial Statements 20X1 about?

The statement of financial position of Colleagues Co. as of December 31, 20X1 shows total assets of $24.6 million consisting of current assets of $11.6 million including cash of $6 million and inventories of $2.6 million, and noncurrent assets of $13 million including property, plant, and equipment of $5.9 million. Total liabilities are $12.1 million consisting of current liabilities of $3.3 million and noncurrent liabilities of $8.9 million including bonds payable of $7.3 million. Total equity is $12.5 mil

Author

Keahlyn Boticario

Language

EN