Question
1. AB Company has working capital of $364,200 for the year ending 31 December 2019. The current assets for the year were $495,200 that includes
1. AB Company has working capital of $364,200 for the year ending 31 December 2019. The current assets for the year were $495,200 that includes inventory of $31,740 and prepaid expenses of $20,640. Find current liability, current assets ratio and quick ratio of AB Company for the year ending 31 December, 2019 using the information?
2. RZ Company started its business in 2016. On the year ending 31 December 2018, the company shows the following information from its financial statements that are reported below: Total assets of $1,144,000. Interest expenses of $65,090. Net income of $1,303,300. Stockholders equity $317,800. Find return on total assets, return on stockholders equity. (Round off the intermediary and final answers to the nearest two decimal places.)
3. The financial statement of KO Company exhibits the following for the year ending 31 December, 2019. Cash of $5,247, temporary investments worth $22,890, accounts payable of $18,930, inventory of $10,650, accounts receivables of $6,210 and other current liabilities of $10,690. Find out what is the working capital and current ratio of KO Company for the year?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started