Question
Balance Sheet You are evaluating the balance sheet for Goodmans Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities
Balance Sheet You are evaluating the balance sheet for Goodmans Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities =$400,000, accounts receivable = $1,200,000, inventory = $2,100,000, accrued wages and taxes = $500,000, accounts payable = $800,000, and notes payable = $600,000. Calculate Goodman Bees net working capital
Income StatementThe Fitness Studio, Inc.s 2018 income statement lists the following income and expenses: EBIT = $538,000, interest expense = $63,000, and net income = $435,000. Calculate the 2018taxes reported on the income statement
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