Young & Carter Incorporated's balance sheet reflects a financially sound company with total assets of $218 million, total liabilities of $77 million, and total equity of $141 million.
Young & Carter Incorporated's financial stability is evident in its balance sheet dated November 30, 2018. With total assets amounting to $218 million, the company possesses a strong foundation for future growth and prosperity. Cash and cash equivalents, the most liquid assets, stand at $24 million, providing immediate financial flexibility. Accounts receivable, a measure of credit sales, reach $62 million, indicating robust customer demand. Equipment, valued at $110 million, represents the company's productive capacity, supporting its operational efficiency. Additionally, long-term notes receivable of $20 million contribute to the company's overall financial strength.
On the other side of the balance sheet, Young & Carter Incorporated's total liabilities reach $77 million. Accounts payable, amounting to $22 million, represent the company's short-term obligations to its suppliers. Income taxes payable of $10 million reflect the company's fulfillment of its tax obligations. Long-term notes payable of $45 million represent the company's long-term financing commitments. These liabilities, while constituting a financial burden, are well within the company's capacity to manage.
The company's equity, totaling $141 million, represents the residual ownership interest held by shareholders. Common stock, with a par value of $40 million, highlights the company's fundamental capitalization. Deferred revenue, amounting to $18 million, reflects unearned revenue, demonstrating the company's future earnings potential. Most notably, retained earnings of $64 million signify the company's accumulated profitability over time, providing a solid financial base for future endeavors.
In conclusion, Young & Carter Incorporated's balance sheet paints a picture of a financially stable company with a strong asset base, manageable liabilities, and substantial equity. The company's financial position indicates its ability to weather economic challenges and capitalize on growth opportunities.