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Genatron Manufacturing Corporation Balance Sheet 2020 2019 ASSETS Cash $40,120 $51,657 Accts. receivable 261,285 200,758 Inventory 502,270 451,168 Total current assets 803,675 703,583 Fixed assets,

Genatron Manufacturing Corporation Balance Sheet
2020 2019
ASSETS

Cash

$40,120

$51,657

Accts. receivable

261,285

200,758

Inventory

502,270

451,168

Total current assets

803,675

703,583

Fixed assets, net

400,000

300,000

Total assets

$1,203,675

$1,003,583

LIABILITIES AND EQUITY

Accts. payable

$172,044

$134,276

Bank loan

90,824

90,824

Accruals

70,000

50,000

Total current liabilities

332,868

275,100

Long-term debt, 12%

395,228

293,912

Common stock, $10 par

300,000

300,000

Capital surplus

44,269

44,269

Retained earnings

131,310

90,302

Total liabilities & equity

$1,203,675

$1,003,583

Genatron Manufacturing Corporation Income Statement
2020 2019
Net sales $1,688,034 $1,488,034
Cost of goods sold 1,012,820 892,820
Gross profit 675,214 595,214
Expenses:
General and administrative 150,000 150,000
Marketing 150,000 130,000
Depreciation 51,155 41,936
Interest 55,745 44,634
Earnings before taxes 268,314 228,644
Income taxes 74,659 60,998
Net income $193,655 $167,646

(a)

Calculate Genatron's dollar amount of net working capital in each year.

2020 2019
Net working capital $ $

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