Question
1 - The 2018 balance sheet of Queen, Inc., showed current assets of $3047 and current liabilities of $1211. The 2019 balance sheet showed current
1 - The 2018 balance sheet of Queen, Inc., showed current assets of $3047 and current liabilities of $1211. The 2019 balance sheet showed current assets of $3174 and current liabilities of $1275.
What was the companys 2019 change in net working capital, or NWC? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.)
2 - APPLE Inc. has sales of $686,000, costs of $345,000, depreciation expense of $76,000, interest expense of $48,500, and a tax rate of 24 percent. What is the net income for this firm? (Do not round intermediate calculations.)
3 - Warners Inc., has net working capital of $3,550, current liabilities of $5180, and inventory of $4,690. What is the quick ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)
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