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The following information pertains to the Balance Sheet of Chattanoga Corporation. Chattanoga is a small family owned company managed by Rose and Bill Angres. The
The following information pertains to the Balance Sheet of Chattanoga Corporation. Chattanoga is a small family owned company managed by Rose and Bill Angres. The company was incorporated in 2002 in Posa RIca Georgia.
ASSETS | $600,000 | |
CURRENT INVENTORY | $1,000.000 | |
OTHER SHORT TERM ASSETS | $900,000 | |
ACCOUNTS RECEIVABLE | $700,000 | |
CURRENT NOTE PAYABLE | $500,000 | |
NET PROFIT FOR THE YEAR | $100,000 | |
NOTE PAYABLE (DUE IN TWO YEARS) | $3,000.000 | |
2 YEAR CD | $400,000 |
1. What is Chattanoga's Return on total assets for the year? 2. What is Chattanoga's Net worth? Please show your work,
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