Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 05, 2024

For the year ended Cleo's Outdoor Playground Inc. had the following at year end: current liabilities of $54,900; total assets of $395,000 and net fixed

For the year ended Cleo's Outdoor Playground Inc. had the following at year end: current liabilities of $54,900; total assets of $395,000 and net fixed assets of $265,100. Owners' equity was $147,500. What is the amount of the net working capital?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial management theory and practice

Authors: Eugene F. Brigham and Michael C. Ehrhardt

12th Edition

978-0030243998, 30243998, 324422695, 978-0324422696

More Books

Students also viewed these Finance questions

Question

★★★★★

As described in Sec. PT3.1.2, linear algebraic equations can arise in the solution of differential equations. For example, the following differential equation results from a steady-state mass balance...

Answered: 1 week ago

Question

★★★★★

2. Align learning objectives to organizational goals.

Answered: 1 week ago

Question

★★★★★

Goshute Company computed pretax financial income of $50,000 for the year ended December 31, 2011. Taxable income for the year was $15,000. Accumulated temporary differences as of December 31, 2010,...

Answered: 1 week ago

Question

★★★★★

For the year ended Cleo's Outdoor Playground Inc. had the following at year end: current liabilities of $54,900; total assets of $395,000 and net fixed assets of $265,100. Owners' equity was...

Answered: 1 week ago

Question

★★★★★

Tait earns $89,000 this year. He gets a cost of living raise to compensate for yearly inflation of 3%. What will his raise be next year? What is the account balance for the last problem in the...

Answered: 1 week ago

Question

★★★★★

The Pauling electronegativity scale is a measure of the affinity of an atom for an electron in a covalent bond. The larger the electronegativity value, the greater the affinity of the atom for an...

Answered: 1 week ago

Question

★★★★★

Question 3: Sommer, Inc., is considering a project that will result in initial after-tax cash savings of $1.89 million at the end of the first year, and these savings will grow at a rate of 2 percent...

Answered: 1 week ago

Question

★★★★★

Presented below is information related to Sheridan Company for the month of January 2022. Ending inventory per Insurance expense $11,340 perpetual records $29,890 Rent expense 24,070 Ending inventory...

Answered: 1 week ago

Question

★★★★★

FINANCIAL ACCOUNTING II All Trading Security On July 1, 2019, the JEM Corporation acquired the following investments: 2,000 shares of Rawn, Inc. common stock for $60,000-Tuading security 12,000...

Answered: 1 week ago

Question

★★★★★

A wheel with a mass of 35.0 kg, designed as a slender ring with a radius of 1.30 meters, spins at a rate of 300 rev/min. The task is to halt the wheels rotation within a span of 12.0 seconds....

Answered: 1 week ago

Previous Question Next Question