Question: Given the information below, calculate the Working capital and Current Ratio 1 Cash and marketable securities $ 2,000,000 2 Accounts Receivable (Gross) $ 3,000,000 3

Given the information below, calculate the Working capital and Current Ratio
1 Cash and marketable securities $ 2,000,000
2 Accounts Receivable (Gross) $ 3,000,000
3 Accounts Payable $ 500,000
4 Accumulated Depreciation $ 2,000,000
6 Inventory $ 4,000,000
7 Other Current Assets $ 1,000,000
8 Common Stock at Par Value $ 100,000
9 Current Portion of long term notes $ 750,000
10 Other Current Liabilities $ 250,000
11 Goodwill $ 10,000,000
12 Long-Term Debt $ 4,500,000
Answers go in the yellow boxes
Working Capital 5
Current Ratio 5

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