2019 2018 Assets: Cash Accounts Receivable Inventory Long-lived assets Less: Accumulated Total assets 10,000 6,000 8,000 12,000 (4.000) $ 32,000 6,000 1,500 10.000 11,000 (2.000) $ 26,500 Liabilities and Accounts payable Deferred revenues Long-term note payable Common stock Retained earnings Total liabilities and 5,000 1,000 10,000 12,000 4,000 32,000 5,000 2,000 10,000 6,000 3.500 26,500 Income Statement For the year ended December 31, 2019 Revenues Cost of goods sold Depreciation expense Interest expense Bad debt expense Other expense (including income taxes) Net income $ 42,000 24,000 2,000 3,000 2,000 9.000 $ 2,000 C24 4 x fx -F25-F30 A B D 1 2 3 Problem 2 - 10 Points Given the information below, calculate the Working Capital and Current Ratio 4 7 1 2 10 3 4 11 12 13 6 Cash and marketable securities Accounts Receivable (Gros) Allowance for doubtful accounts Accounts Payable Accumulated Depreciation Inventory - Other Current Assets Common Stock at Par Value Current portion of long term notes Ocher Current Liabilities Goodwill - Long-Term debt - $3,000,000 $2,000,000 2% $2.500.000 2.500.000 $3,500,000 $1,000,000 $100,000 $1,000,000 $1.950,000 $10,000,000 S10,000,000 7 8 9 14 15 10 16 17 11 12 18 19 20 21 Answers go in the yellow boxes $0 Working Capital Current Ratio WDIV/0! 5 5 10 30 31 32 33 34 35