1- Joe Fellows is attempting to categorize several items from his company's financial statements so he can determine his working capital.Joe notices the following categories of accounts and amounts: cash, $3136; accounts payable, $10770; accounts receivable, $15798; sales taxes due city of Phoenix, $942; sales taxes due the Arizona Department of Revenue, $3963; inventory, $16707; wages payable, $5441; taxes payable (federal), $2711; money market fund, $12449; and computer, $3633.

What is the amount of net working capital?

2- John Roeis attempting to categorize several items from his company's financial statements so he can determine his working capital.Joe notices the following categories of accounts and amounts: cash, $3920; accounts payable, $9884; accounts receivable, $15140; sales taxes due city of Phoenix, $906; sales taxes due the Arizona Department of Revenue, $3450; inventory, $17549; wages payable, $5116; taxes payable (federal), $2158; money market fund, $12271; and computer, $3939.

What is the Current Ratio? (Round your answer to four decimal's, i.e. 123.4567)

3- If you have $94,000 in an interest-bearing savings account that pays 3.9 percent annual interest, how much interest will you earn during a 30 day month? (Round your answer to two decimal places, i.e. 12.34)

4- Jane James owns an appliance store.She on average receives $163,000 worth of appliances per month.She does not like to owe people money and always pays her bills on the day she receives the invoice.Someone told her that if she delayed payment, she could actually increase her profit because the money would be earning interest in her account.She went through her bills and found that she actually had an additional ten days, on average to pay her invoices.She also found that she was earning 2 percent interest on the money she had in her money market savings account.

If she delayed payment by the ten days, how much additional interest would she earn for the year?(Do not round imter,ediate calculations, round final answer to two decimal places, i,e. 123.34)

5- A firm has $389,000 in credit sales and $130,000 in accounts receivable. Compute the average number of collection days.(Do not round intermediate calculations, round your answer to two decimal places, i.e. 12.34)

6 Using the abswer to the prvious question, how does the numbers relate to the terms of 2/10 net/30?

7- You are managing a company that stocks and distributes hardware.The company employs two purchasing agents who receive combined salaries of $90,000.They process six thousand purchase requests per year.Average inventory in storage is $620,000, and the total cost of running the warehouse is $226,000.You are told that the company purchases five thousand hammers per year at a cost of $5.88 per hammer.

Using the EOQ formula, how many hammers should be ordered at one time? (Do not round imtermediate calculations andround final answer to the nearest whole dollar, i.e. 123.45 = 123)

8- What is the effective rate of interest you will pay if you do not take advantage of the cash discounts given 2/10, n/30?(Do not round intermediate calculations.Round your answer to two decimals,i.e.12.34)

9- Mack's Bike Shop receives the following trade discounts: 31/21/13.The vendor's price list indicates the percent off the list price is for purchasing bikes in quantities of 100 or more, percent off the list price is for assembling the bikes for customers, and percent is for sales promotion and local advertising, respectively. If the manufacturer's list price is $999, what should Mack pay for each bike if he orders 110 bikes at a time, assembles the bikes, and displays and advertises them? (Do not round intermediate calculations. Provide answer with two decimal points, i.e. 123.45)

10- In the previous exercise, Mack is given terms of 3/15 n/30, and he pays by day 15. How much will he pay the manufacturer for the order of 110 bikes if his price per bike is $328.2? (Round answer to two decimal points, i.e. 123.45)