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Data Table Data Table Uptown Sporting Goods reported the following data at July 31, 2018, with amounts in thousands: (Click the icon to view the
Data Table Data Table Uptown Sporting Goods reported the following data at July 31, 2018, with amounts in thousands: (Click the icon to view the income statement.) (Click the icon to view the statement of retained earnings.) (Click the icon to view the balance sheet.) Uptown Sporting Goods Company Uptown Sporting Goods Company Read the requirements Statement of Retained Earnings Balance Sheet Year Ended July 31, 2018 July 31, 2018 1. Calculate Uptown's net working capital. (Amounts in thousands) (Amounts in thousands) ) Net working capital Retained earnings, July 31, 2017 s 36,000 20,600 Assets Add: Net income Current: S 56,600 2. Calculate Uptown's current ratio. (Round answer to two decimal places.) Retained earnings, July 31, 2018 Cash $ 43,100 = Current ratio Accounts receivable 28.500 Print Done Inventories 38,000 5.100 Other current assets 3. Calculate Uptown's debt ratio. (Round answer to two decimal places.) i Data Table Total current assets 114.700 = Debt ratio Property and equipment, net 19.700 25,000 Other assets Do these ratio values and ratios look strong, weak or in between? Uptown Sporting Goods Company $ 159.400 Total assets Income Statement Net working capital is This means and is a sign Liabilities Year Ended July 31, 2018 Total current liabilities $ 50.800 Uptown's current ratio is considered (Amounts in thousands) 29.000 Long-term liabilities Net revenues $ 188,000 Uptown's debt ratio is considered Total liabilities 79,800 Cost of goods sold 136,400 Stockholders' Equity All other expenses 31,000 Common stock 23.000 20.600 Net income 56.600 Retained earnings Print Done Print Done
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