Presented below are condensed data from the financial statements of Gallo Factory for 2017 and 2016.The figures are expressed in thousands.Use this information to answer the questions that follow.
Statement A Total current assets Property, plant, and equipment (net of accumulated depreciation) Investments Other assets Total assets Total current liabilities Long-term debt Deferred income taxes and contingencies Total liabilities Total stockholders’ equity Total liabilities and stockhol ders’ equity Statement B Net sales Cost of sales Gross profit Selling, general, and administrative expenses Other income (expense) Income (loss) before income taxes Income tax expense Net income (loss) 2017$82,30963,4513033,438$149,501$33,92820,4914,174$58,593$90,908$149,5012017$209,203136,225$72,97863,895693$9,776$3,5346,2422016$80,08062,7241,0612,606$146,471$28,66825,6765,208$59,552$86,919$146,4712016$174,206114,284$59,92253,520(118)$6,284$3,388$3,896
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Required: How much of Gallo Factory is financed by owners at the end of December 2017?
Definitions:
Upward Appeal
A strategy where an individual attempts to influence a decision or gain support by appealing to higher-level management within an organization.
Networking
The act of building and maintaining professional relationships that can provide support, opportunities, and resources within one's career or industry.
High Machs
Individuals characterized by a high level of Machiavellianism, showing manipulative behavior, a cynical view of human nature, and a focus on self-interest and deception.
Committed Employees
Workers who exhibit a strong sense of loyalty and dedication towards their organization, often contributing to higher levels of productivity.