Answer Happy

omgner it had no debt. Adam Corporation balance sheet at 31 Dec, 2020. (4 marks). Cash Accounts Receivable Inventory Total CA 2000 8000 10,000 20,000 Accounts Payable Notes Payable Accrued Liabilities Total Current Liabilities 15000 5000 5000 25,000 FA 220,000 Total long-term Debt Retained Earnings Total Assets 220,000 Common Stock Total Liabilities and Owner's Equity What is the amount of short-term financing used to finance short-term assets? 95,000 45,000 55,000 220,000 a) b) What is the amount of short-term financing used to finance long-term assets? c) What is the amount of long-term financing used to finance short-term assets? d) What is the amount of long-term financing used to finance long-term assets? e) Identify and explain the type of working capital financing policy used by Adam Corporation?