Question
Accounts in Millions of USD. ITEM 2020 Accounts Receivable 1,000 Accounts Payable 400 Expense Accruals 600 Accumulated Depreciation 2,000 Cash 2,000 Cost of Goods Sold
Accounts in Millions of USD.
| ITEM | 2020 |
| Accounts Receivable | 1,000 |
| Accounts Payable | 400 |
| Expense Accruals | 600 |
| Accumulated Depreciation | 2,000 |
| Cash | 2,000 |
| Cost of Goods Sold (COGS) | 3,000 |
| Depreciation Expense | 500 |
| Interest Expense | 700 |
| Inventory | 4,000 |
| Long Term Debt | 2,000 |
| Operating Expenses | 700 |
| Net Fixed Assets | 5,000 |
| Notes Payable | 500 |
| Sales | 7,000 |
Tax rate 20%
What was the working capital?
Hint: working capital = current assets - current liabilities
Accounts in Millions of USD.
| ITEM | 2020 |
| Accounts Receivable | 1,000 |
| Accounts Payable | 400 |
| Expense Accruals | 600 |
| Accumulated Depreciation | 2,000 |
| Cash | 2,000 |
| Cost of Goods Sold (COGS) | 3,000 |
| Depreciation Expense | 500 |
| Interest Expense | 700 |
| Inventory | 4,000 |
| Long Term Debt | 2,000 |
| Operating Expenses | 700 |
| Net Fixed Assets | 5,000 |
| Notes Payable | 500 |
| Sales | 7,000 |
Tax rate 20%
What was the working capital?
Hint: working capital = current assets - current liabilities
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
4th Canadian edition
134724712, 134724713, 9780134779782 , 978-0134724713
