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Balance Sheet Essay

254 words - 2 pages

ASSETS |   |   |
Current assets |   |   |
Cash and cash equivalents | $270,000 | $215,000 |
Trade receivables | 147,000 | 139,000 |
Inventories | 139,000 | 128,000 |
Other current assets | 15,000 | 27,000 |
Total current assets | 571,000 | 509,000 |
  |   |   |
Fixed assets |   |   |
Furniture and fixtures | 551,000 | 529,000 |
Leasehold improvements | 82,000 | 82,000 |
Office equipment | 143,000 | 143,000 |
Total non-current assets ...view middle of the document...

These three balance sheet segments give investors an idea as to what the company owns and owes, as well as the amount invested by shareholders.

The balance sheet adheres to the following formula:
Assets=Liabilities + Shareholders’ equity

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