Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Round answer to 4 decimal places How long is the Operating Cycle? How long is the Cash Cycle? What is Net Working Capital for 2016?

Round answer to 4 decimal places

image text in transcribedimage text in transcribed

How long is the Operating Cycle? How long is the Cash Cycle? What is Net Working Capital for 2016? \begin{tabular}{|l|r|r|} \hline \multicolumn{1}{|c|}{ Assets } & \multicolumn{1}{|c|}{2015} & \multicolumn{1}{c|}{2016} \\ \hline \multicolumn{1}{|c|}{ Total } & $45.00 & $50.00 \\ \hline Cash & $307.00 & $269.00 \\ \hline A/R & $134.00 & $255.00 \\ \hline Inventory & $1,000.00 & $1,200.00 \\ \hline Total Assets & $1,486.00 & $1,774.00 \\ \hline Net Fixed Assets & & \\ \hline \multicolumn{1}{|c|}{ Liabilities } & & \\ \hline Accounts Payable & $144.00 & $280.00 \\ \hline Notes Payable & $150.00 & $125.00 \\ \hline & $294.00 & $405.00 \\ \hline Long-Term Debt & $500.00 & $750.00 \\ \hline Common Stock & $400.00 & $400.00 \\ \hline Retained Earnings & $292.00 & $219.00 \\ \hline \multicolumn{1}{|c|}{ Total Liabilities } & $1,486.00 & $1,774.00 \\ \hline & & \\ \hline \multicolumn{1}{|c|}{ Sales } & & \\ \hline Sales & & $3,660.00 \\ \hline Cost of Goods Sold & & $2,928.00 \\ \hline Depreciation & & $200.00 \\ \hline EBIT & & $532.00 \\ \hline Interest & & $40.00 \\ \hline Taxes & & $212.80 \\ \hline Net Income & & $279.20 \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions