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Please help me complete the following showing work. I am very Confused. 1) Working Capital Budget 2) Current Ratio 3) Inventory Turnover Ratio 4) Receivables
Please help me complete the following showing work. I am very Confused.
1) Working Capital Budget
2) Current Ratio
3) Inventory Turnover Ratio
4) Receivables Turnover Ratio
5) Profit Margin Ratio
Assets Cash and money market accounts $ 40,000 Accounts receivable (beginning balance was $26,000) 30,000 Inventory (beginning balance was $20,000) 25,000 Property, plant and equipment 215.000 Total Assets $310.000 Liabilities and Stockholders' Equity Current liabilities $ 60,000 Long-term liabilities 95,000 Stockholders' equity-common 155,000 Total Liabilities and stockholders' equity $310.000 Income Statement Sales $ 90,000 Cost of goods sold Gross profit Operating expenses Net income Number of shares of common stock Market price of common stock Dividends per share Cash provided by operations $40,000 45,000 45,000 20.000 $25.000 6,000 $20 1.00Step by Step Solution
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