4-4 2001 Balance sheet (Millions of s) Cash& sec. 20 Accts pay. accruals $100 Accounts rec 240 Notes payable 00 Inventories 240 Total cL $200 Total Ca s 500 L-T debt 100 Common stk 500 Net fixed Retained assets 500 earnings 200 Total assets $1,000 Total claims $1,000 Copy right C 2002 by Harcourt, Inc. All rights reserved4 - 4 Copyright © 2002 by Harcourt, Inc. All rights reserved. 2001 Balance Sheet (Millions of $) Cash & sec. $ 20 Accts. pay. & accruals $ 100 Accounts rec. 240 Notes payable 100 Inventories 240 Total CL $ 200 Total CA $ 500 L-T debt 100 Common stk 500 Net fixed assets Retained earnings 200 Total assets $1,000 Total claims $1,000 500