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fill in the missing values on the balance sheet and income statement. Calculate working capital for planet express corporation. Why is working capital important for

fill in the missing values on the balance sheet and income statement. Calculate working capital for planet express corporation. Why is working capital important for business? Why might a lender or investor examine a firms working capital before making a loan or investment? Analyze the working capital for this business image text in transcribed
Planet Express Corporation Balance Sheet December 31, 2020 Cash Accounts receivable Inventory Current assets $100,000 300,000 200.000 $2722222 Accounts payable Notes payable Current liabilities Long-term debt Total liabilities $400,000 500.000 $72222222 600.000 $7274272 Tangible net fixed assets Intangible net fixed assets $1,300,000 100.000 Common stock Accumulated retained earnings $100,000 222222 Total assets s2012 Total liabilities & owners equity $22 Income Statement Jan 1- Dec 31, 2020 Sales Costs Depreciation EBIT Interest Taxable income Taxes 219 Net income $800,000 500.000 100 000 $223 10.000 $2222

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