Josey Doakes was reading the balance sheet of Gogoldze Inc. when she spilled grape juice on it. After the juice spill, the balance sheet looked like this:
$ millions)
12/31/2015
Cash
90
Accounts Receivable
210
Inventory
410
Other Current Assets
grape
Current Assets
juice
Net Property, Plant, & Equipment
1,080
Total Assets
grape
juice
Accounts Payable
115
Other Current Liabilities
260
Current Liabilities
375
Long-term Liabilities
860
Common Stock
50
Additional Paid-in-Capital
300
Retained Earnings
285
Total Liabilities and SE
1,870
