1. You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $500,000, accounts receivable = $1,000,000, inventory = $1,500,000, accrued wages and taxes = $510,000, accounts payable = $810,000, and notes payable = $610,000.

Calculate Goodman Bees' net working capital.

2.

Ramakrishnan, Inc. reported 2018 net income of $35 million and depreciation of $2,850,000. The top part of Ramakrishnan, Inc.s 2018 and 2017 balance sheets is listed below (in millions of dollars).

	2018				2017				2018				2017
Current assets:								Current liabilities:
Cash and marketable securities	$	40			$	15		Accrued wages and taxes	$	30			$	24
Accounts receivable		85				81		Accounts payable		83				80
Inventory		157				122		Notes payable		80				75
Total	$	282			$	218		Total	$	193			$	179

Calculate the 2018 net cash flow from operating activities for Ramakrishnan, Inc.

3. Mr. Huskers Tuxedos Corp. ended the year 2018 with an average collection period of 33 days. The firms credit sales for 2018 were

$56.0 million.

What is the year-end 2018 balance in accounts receivable for Mr. Huskers Tuxedos?

4. You are thinking of investing in Nikki T's, Inc. You have only the following information on the firm at year-end 2018: net income is $180,000, total debt is $2.80 million, and debt ratio is 60 percent.

What is Nikki T's ROE for 2018?