Genatron Manufacturing Corporation Balance Sheet
		2020		2019
ASSETS
Cash		$40,120		$51,657
Accts. receivable		261,285		200,758
Inventory		502,270		451,168
Total current assets		803,675		703,583
Fixed assets, net		400,000		300,000
Total assets		$1,203,675		$1,003,583
LIABILITIES AND EQUITY
Accts. payable		$172,044		$134,276
Bank loan		90,824		90,824
Accruals		70,000		50,000
Total current liabilities		332,868		275,100
Long-term debt, 12%		395,228		293,912
Common stock, $10 par		300,000		300,000
Capital surplus		44,269		44,269
Retained earnings		131,310		90,302
Total liabilities & equity		$1,203,675		$1,003,583

Genatron Manufacturing Corporation Income Statement
		2020		2019
Net sales		$1,688,034		$1,488,034
Cost of goods sold		1,012,820		892,820
Gross profit		675,214		595,214
Expenses:
General and administrative		150,000		150,000
Marketing		150,000		130,000
Depreciation		51,155		41,936
Interest		55,745		44,634
Earnings before taxes		268,314		228,644
Income taxes		74,659		60,998
Net income		$193,655		$167,646

(a)

Calculate Genatron's dollar amount of net working capital in each year.

		2020		2019
Net working capital		$		$

Answer rating: 100% (QA)

To calculate Genatrons net working capital in each year we need to subtract the total ... View the full answer