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Given the following financial information, determine the Working Capital Turnover Ratio: provide your answer in decimal format with three significant digits. INCOME STATEMENT BALANCE SHEET
Given the following financial information, determine the Working Capital Turnover Ratio: provide your answer in decimal format with three significant digits.
INCOME STATEMENT | BALANCE SHEET | |||
Revenue | $36,730,923.86 | Assets | ||
Current Assets | ||||
Direct Costs | Cash & Securities | $2,115,345.28 | ||
Materials | $5,425,469.43 | Accounts Receivables | $4,370,114.7 | |
Labor | $4,406,973.17 | Retainage | $983,660.89 | |
Subcontractor | $16,716,448.53 | Inventory | $83,128.18 | |
Equipment | $2,100,605.56 | Earnings in Excess of Billings | $276,627.34 | |
Other | $3,150,101.76 | Prepaid Expenses | $55,461.33 | |
Other Current Assets | $214,807.02 | |||
Overhead | ||||
Indirect Costs | $848,702.1 | Fixed Assets | ||
G&A Costs | $3,827,702.52 | Property | $2,416,437.07 | |
Construction Equipment | $3,397,111.53 | |||
Profits | Vehicles | $508,156.58 | ||
Office Equipment | $62,073.79 | |||
Less Depreciation | $-3,108,107.55 | |||
Other Fixed Assets | $240,608.38 | |||
Liabilities | ||||
Current Liabilities | ||||
Accounts Payable | $2,137,337.57 | |||
Retainage (Subcontractors) | $668,584.37 | |||
Billings in Excess of Earnings | $781,410.1 | |||
Income Taxes Payable | $73,674.04 | |||
Other Current Liabilities | $69,719.73 | |||
Fixed Liabilities | ||||
Mortgages | $605,838.93 | |||
Equipment / Vehicle Financing | $985,862.01 | |||
Other Fixed Liabilities | $204,582.36 | |||
Owners Equity |
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