Robin Sporting Goods reported the following data at July 31, 2021, with amounts in thousands: 

Requirement 

1. Calculate Robin’s net working capital.

2. Calculate Robin’s current ratio. Round to two decimal places.

3. Calculate Robin’s debt ratio. Round to two decimal places.

Do these values and ratios look strong, weak, or in between?

Transcribed Image Text:

A1 Robin Sporting Goods Company Income Statement Year ended July 31, 2021 1 2 (Amounts in thousands) 3 Net revenues 4 Cost of goods sold 5 All other expenses 6 Net income 7 A1 Robin Sporting Goods Company Statement of Retained Earnings Year ended July 31, 2021 1 2 (Amounts in thousands) 3 Retained earnings, July 31, 2020 4 Add: Net income Retained earnings, July 31, 2021 5 6 $191,000 136,800 29,000 $ 25,200 $31,500 25,200 $56,700 E