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2015 2016 Assets Cash $45.00 $50.00 A/R $254.00 $146.00 Inventory $329.00 $309.00 Total $628.00 $505.00 Net Fixed Assets $1,000.00 $1,200.00 Total Assets $1,628.00 $1,705.00 Liabilities

2015

2016

Assets

Cash

$45.00

$50.00

A/R

$254.00

$146.00

Inventory

$329.00

$309.00

Total

$628.00

$505.00

Net Fixed Assets

$1,000.00

$1,200.00

Total Assets

$1,628.00

$1,705.00

Liabilities

Accounts Payable

$352.00

$252.00

When inputting an answer, round your answer to the nearest 4 decimal places.If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 4 decimal places.

Notes Payable

$150.00

$125.00

Total

$502.00

$377.00

Long-Term Debt

$500.00

$750.00

Common Stock

$400.00

$400.00

Retained Earnings

$226.00

$178.00

Total Liabilities

$1,628.00

$1,705.00

Questions

Answers

Correct Answers

What is the Inventory Turnover?

Sales

What is the AR Turnover?

Sales

$3,262.00

What is the AP Turnover?

Cost of Goods Sold

$2,609.60

What is the Inventory Period?

Depreciation

$200.00

What is the AR Period?

EBIT

$452.40

How long is the Operating Cycle?

Interest

$40.00

How long is the Cash Cycle?

Taxes

$180.96

What is Net Working Capital for 2016?

Net Income

$231.44

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