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Given the information below, calculate the Working capital and Current Ratio 1 Cash and marketable securities $ 2,000,000 2 Accounts Receivable (Gross) $ 3,000,000 3
Given the information below, calculate the Working capital and Current Ratio | |||
1 | Cash and marketable securities | $ 2,000,000 | |
2 | Accounts Receivable (Gross) | $ 3,000,000 | |
3 | Accounts Payable | $ 500,000 | |
4 | Accumulated Depreciation | $ 2,000,000 | |
6 | Inventory | $ 4,000,000 | |
7 | Other Current Assets | $ 1,000,000 | |
8 | Common Stock at Par Value | $ 100,000 | |
9 | Current Portion of long term notes | $ 750,000 | |
10 | Other Current Liabilities | $ 250,000 | |
11 | Goodwill | $ 10,000,000 | |
12 | Long-Term Debt | $ 4,500,000 | |
Answers go in the yellow boxes | |||
Working Capital | 5 | ||
Current Ratio | 5 | ||
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