Data extracted from a year-end balance sheet are shown below. Compute the working capital for this firm.

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Data extracted from a year-end balance sheet are shown below. Compute the working capital for this firm. What would the current ratio be, and what is the significance for this firm?

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Financial Decision Making For Engineers

ISBN: 9780300192186

1st Edition

Authors: Colin K. Drummond

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Question Posted: Apr 20, 2024 05:00 AM

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Data extracted from a year-end balance sheet are shown below. Compute the working capital for this firm.

Question:

Accounts payable $6,250 Accounts receivable $15,000 Cash $4,500 Securities $10,000 Inventory $8,760 Long-term bonds $5,000 Plant equipment. $68,000 Owners' capital $40,000

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Financial Decision Making For Engineers

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