Question: Problem 2 - 10 Points Given the information below, calculate the Working Capital and Current Ratio 1 Cash and marketable securities - $2,000,000 2 Accounts

Problem 2 - 10 Points
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
Working Capital 5 (points for grade)
Current Ratio 5(points for grade)
10 (total)

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