This problem uses the financial statements for the Genatron Manufacturing Corporation for the years 2015 and 2014
Question:
a. Calculate Genatron’s dollar amount of net working capital in each year.
b. Calculate the current ratio and the acid-test ratio in each year.
c. Calculate the average collection period and the inventory-turnover ratio in each year.
d. What changes in the management of Genatron’s current assets seem to have occurred between the two years?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Step by Step Answer:
a Net working capital Current assets Current liabilities 2015 800000 330000 470000 2014 700000 27...View the full answer
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Related Book For 
Introduction to Finance Markets Investments and Financial Management
ISBN: 978-1118492673
15th edition
Authors: Melicher Ronald, Norton Edgar
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