solve the question for me. i need correct answer. Make sure to give me the correct ratio for "Required A" aswell. as you see its wrong. solve all parts for me. i hope i dont have to repost as, i keep getting wrong answers
Jay Oullette, CEO of Bumper to Bumper Incorporated, anticipates that his company's year-end balance sheet will show current assets of $12,774 and current liabilities of $7,510. Oullette has asked your advice concerning a possible early payment of $3,810 of accounts payable before year-end, even though payment isn't due until later. Required: a. Calculate the firm's working capital and current ratio under each situation. b. 1. Assume that Bumper to Bumper had negotiated a short-term bank loan of $7,000 that can be drawn down either before or after the end of the year. Calculate working capital and the current ratio at year-end under each situation, assuming that early payment of accounts payable is not made. 2. When would you recommend that the loan be taken? Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate the firm's working capital and current ratio under each situation. Note: Round "Current ratio" answers to 1 decimal place. Jay Oullette, CEO of Bumper to Bumper Incorporated, anticipates that his company's year-end balance sheet will show current assets of $12,774 and current liabilities of $7,510. Oullette has asked your advice concerning a possible early payment of $3,810 of accounts payable before year-end, even though payment isn't due until later. Required: a. Calculate the firm's working capital and current ratio under each situation. b. 1. Assume that Bumper to Bumper had negotiated a short-term bank loan of $7,000 that can be drawn down either before or after the end of the year. Calculate working capital and the current ratio at year-end under each situation, assuming that early payment of accounts payable is not made. 2. When would you recommend that the loan be taken? Answer is not complete. Complete this question by entering your answers in the tabs below. Assume that Bumper to Bumper had negotiated a short-term bank loan of $7,000 that can be drawn down either before or after the end of the year. Calculate working capital and the current ratio at year-end under each situation, assuming that early payment of accounts payable is not made. Note: Round "Current ratio" answers to 1 decimal place. Jay Oullette, CEO of Bumper to Bumper Incorporated, anticipates that his company's year-end balance sheet will show current assets of $12,774 and current liabilities of $7,510. Oullette has asked your advice concerning a possible early payment of $3,810 of accounts payable before year-end, even though payment isn't due until later. Required: a. Calculate the firm's working capital and current ratio under each situation. b. 1. Assume that Bumper to Bumper had negotiated a short-term bank loan of $7,000 that can be drawn down either before or after the end of the year. Calculate working capital and the current ratio at year-end under each situation, assuming that early payment of accounts payable is not made. 2. When would you recommend that the loan be taken? Answer is not complete. Complete this question by entering your answers in the tabs below. When would you recommend that the loan be taken
