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Excelsior Corporation has the following headings on its December 31, 2019 Balance Sheet: Total Current Assets $200,000 Total Assets $500,000 Total Current Liabilities $144,000 Total

Excelsior Corporation has the following headings on its December 31, 2019 Balance Sheet:

Total Current Assets $200,000

Total Assets $500,000

Total Current Liabilities $144,000

Total Non Current Liabilities $300,000

On January 2020 Excelsior sells temporary investments to pay off $41,400 in long term debt

Required 1: How much will working capital increase (decrease) by when comparing December 2019 with January 2020? $

Required 2: If no other transaction took place in January 2020, the current ratio at the end of January 2020 is:

Required 3: If no other transaction took place in January 2020, the debt to equity ratio at the end of January 2020 is:

Required 4: If no other transaction took place in January 2020, the financial leverage in January 2020 is (calculate the Equity Ratio and not the Equity Ratio percentage):

Required 5: If last 12 month sales as of January 2020 amount to $480,000, the working capital turnover for the period ended January 31st 2020 is:

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