The following scenarios are independent from each other. You are required to show detailed calculation for...

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The following scenarios are independent from each other. You are required to show detailed calculation for each scenario. 1. Calculate the net working capital for a company with current assets of $73,000, quick assets of $35,000 total assets of $150,000, current liabilities of $50,000 and net sales of $84,000? 2. Determine the current ratio for a company with current assets of $76,000, quick assets of $47,000, total assets of $207,000, current liabilities of $60,000, and net sales of $87,000? (Round your final answer to two decimal places.) 3. Smith & Woods, Inc. reported Net Sales of $316,000, Cost of Sales of $194,600, Operating Expenses of $56,900, and Income Tax Expense of $11.300. What is Smith & Woods' net income percentage? (Round your final answer to two decimal places) 4. Calculate the quick ratio for a company with current assets of $72,000, quick assets of $32,000, total assets of $170,000, current liabilities of $49,000, and net sales of $82,000? (Round your final answer to two decimal places.) 5. If a company has a current ratio of 0.8 and the company's current liabilities are equal to $50000, calculate the amount of current assets. The following scenarios are independent from each other. You are required to show detailed calculation for each scenario. 1. Calculate the net working capital for a company with current assets of $73,000, quick assets of $35,000 total assets of $150,000, current liabilities of $50,000 and net sales of $84,000? 2. Determine the current ratio for a company with current assets of $76,000, quick assets of $47,000, total assets of $207,000, current liabilities of $60,000, and net sales of $87,000? (Round your final answer to two decimal places.) 3. Smith & Woods, Inc. reported Net Sales of $316,000, Cost of Sales of $194,600, Operating Expenses of $56,900, and Income Tax Expense of $11.300. What is Smith & Woods' net income percentage? (Round your final answer to two decimal places) 4. Calculate the quick ratio for a company with current assets of $72,000, quick assets of $32,000, total assets of $170,000, current liabilities of $49,000, and net sales of $82,000? (Round your final answer to two decimal places.) 5. If a company has a current ratio of 0.8 and the company's current liabilities are equal to $50000, calculate the amount of current assets.

Answer rating: 100% (QA)

Net working capital NWC is calculated by subtracting current liabilities from current assets NWC Cur... View the full answer