Required information Reporting Amounts on the Four Basic Financial Statements and Evaluating Financial Statements [LO 1-2, LO 1-3]
[The following information applies to the questions displayed below.] Family Fitness, Incorporated, reported the following information for the six-month period ended June 29, 2019. Items are listed alphabetically and are in thousands of dollars. $ 1,029,400 601,000 70,700 Accounts Payable Accounts Receivable Advertising Expense Cash (January 1, 2019) Cash (June 29, 2019) Common Stock 1,384,700 1,077,000 1,535,500 Dividends 310,700 Equipment 3,066,700 79,700 Income Tax Expense Inventory 649,700 349,000 Notes Payable Office Expense 657,700 Operating Expenses 694,700 2,726,700 Retained Earnings (January 1, 2019) Sales Revenue Supplies 1,737,000 169,700 Other cash flow information:
Cash received from issuing common stock Cash paid to purchase equipment $ 58,700 530,700 1,432,700
Cash paid to suppliers and employees Cash received from customers 1,723,000 Cash received from sale of long-term assets Dividends paid to stockholders 184,700 310,700
CP1-4 (Algo) Part 1 Required:
1-a. What amount of total assets have been financed by the creditors and the stockholders?
1-b. Was the company financed mainly by creditors or stockholders? 1-c. What is your information source? Complete this question by entering your answers in the tabs below.
Req 1A Req 18 Req 1C What amount of total assets have been financed by the creditors and the stockholders?
(Enter your answers in thousands.)
($ in thousands)
Financed by Creditors Financed by Stockholders
