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Problem 2 - 10 Points Given the information below, calculate the Working Capital and Current Ratio 1 Cash and marketable securities - $3,100,000 2 Accounts
| Problem 2 - 10 Points | ||
| Given the information below, calculate the Working Capital and Current Ratio | ||
| 1 | Cash and marketable securities - | $3,100,000 |
| 2 | Accounts Receivable (Gross) - | $2,000,000 |
| Allowance for doubtful accounts | $60,000 | |
| 3 | Accounts Payable - | $2,800,000 |
| 4 | Accumulated Depreciation | 2,500,000 |
| 6 | Inventory - | $3,500,000 |
| 7 | Other Current Assets - | $1,000,000 |
| 8 | Common Stock at Par Value - | $100,000 |
| 9 | Current portion of long term notes - | $1,000,000 |
| 10 | Other Current Liabilities - | $1,950,000 |
| 11 | Goodwill - | $10,000,000 |
| 12 | Long-Term debt - | $10,000,000 |
| Answers go in the yellow boxes | ||
| Working Capital | ||
| Current Ratio | ||
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Bond Markets Analysis And Strategies
Authors: Frank J. Fabozzi
4th Edition
0130402664, 9780130402660
