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please show the work Problem 2 - 10 Points SHOW YOUR WORK Do Not enter anything in these columns Given the information below, calculate the
please show the work
Problem 2 - 10 Points SHOW YOUR WORK Do Not enter anything in these columns Given the information below, calculate the Working Capital and Current Ratio \begin{tabular}{|c|c|c|c|} \hline 1 & Cash and marketable securities - & $45,00,000 & \\ \hline \multirow[t]{2}{*}{2} & Accounts Receivable (Gross) - & $20,00,000 & \\ \hline & Allowance for doubtful accounts & 3.0% & \\ \hline 3 & Accounts Payable - & $25,00,000 & \\ \hline 4 & Accumulated Depreciation & 25,00,000 & \\ \hline 6 & Inventory - & $35,00,000 & \\ \hline 7 & Other Current Assets - & $10,00,000 & \\ \hline 8 & Common Stock at Par Value - & $1,00,000 & \\ \hline 9 & Current portion of long term notes - & $10,00,000 & \\ \hline 10 & Other Current Liabilities - & $19,50,000 & \\ \hline 11 & Goodwill - & $1,00,00,000 & \\ \hline \multirow[t]{4}{*}{12} & Long-Term debt - & $1,00,00,000 & \\ \hline & Answers go in the yellow boxes & & Cash and marketable securities - \\ \hline & & & Accounts Receivable (Net) - \\ \hline & & & Inventory - \\ \hline Working Capital & & 5 & Other Current Assets - \\ \hline \multirow[t]{6}{*}{ Current Ratio } & & 5 & Total Current Assets \\ \hline & & 10 & \\ \hline & & & \begin{tabular}{l} Accounts Payable - \\ Lurrent portion or long term \\ mises- \\ Other Current Liabilities - \end{tabular} \\ \hline & & & Total Current Liabilities \\ \hline & & & Working Capital \\ \hline & & & Current Ratio \\ \hline \end{tabular}Step by Step Solution
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