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Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Net cash common
Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Net cash common by operating activities Capital expenditures Dividends paid on common stock Weighted-average common shares outstanding Novak Corp. 2022 $2,304,000 1,504.000 362.240 10,960 108,400 466,950 680,050 84.900 138,765 176,640 115,200 46,080 80,000 Martinez Corp. 2022 $793,600 435,200 125,440 4,880 46,080 198,720 178,720 43,200 51,160 46,080 25,600 19,200 50,000 Compute working capital and the current ratio for each company for 2022. (Round current ratio to 1 decimal place, e.g. 0.7: 1.) Current Ratio Working Capital $ Novak Corp. :1 Martinez Corp $ :1
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