All your answers are to be typed into the Yellow boxes. You can type in formulas on the spreadsheets if you wish for potential partial credit.

Do not touch the Blue boxes.

ili Paste BI U MA ili IM Number Format as Table Cell Styles Cells C26 fx B E F C 1 2 3 Problem 2 - 10 Points Given the information below, calculate the Working Capital and Current Ratio 4 6 7 2 8 9 3 10 11 4 6 12 13 14 Cash and marketable securities - Accounts Receivable (Gross) - Allowance for doubtful accounts Accounts Payable - Accumulated Depreciation Inventory - Other Current Assets - Common Stock at Par Value - Current portion of long term notes - Other Current Liabilities - Goodwill - ong-Term debt - $3,200,000 $2,000,000 3% $2,800,000 2,500,000 $3,500,000 $1,000,000 $100,000 $1,000,000 $1,950,000 $10,000,000 $10,000,000 7 8 9 10 11 12 15 16 17 18 19 20 21 22 23 24 25 26 Answers go in the yellow boxes Working Capital Current Ratio 5 5 10 27 28 29 30 31 32 33 34 35