Use the company's financial data to answer the questions: Balance Sheet Data Assets Cash Short-term investments...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Use the company's financial data to answer the questions: Balance Sheet Data Assets Cash Short-term investments Accounts receivable Inventories Total current assets Net fixed assets Total assets Liabilities and equity Accounts payable Notes payable Accrued expenses Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total equity Total liabilities and equity 2015 7,282 0 632,160 1,287,360 1,926,802 939,790 2,866,592 2015 524,160 720,000 489,600 1,733,760 1,000,000 154,219 460,000 (327,168) 132,832 2,866,592 2014 9,000 48,600 351,200 715,200 1,124,000 344,800 1,468,800 2014 145,600 200,000 136,000 481,600 323,432 123,896 460,000 203,768 663,768 1,468,800 Profit and Loss Accounts Sales Cost of goods sold Other expenses Depreciation Total operating costs Earnings before interest and tax Interest expense Earnings before tax Taxes (40%) Net income 2015 2014 5,834,400 3,432,000 5,728,000 2,864,000 680,000 116,960 6,524,960 3,222,900 340,000 18,900 (690,560) 209,100 176,000 62,500 146,600 58,640 87,960 (866,560) (346,624) (519,936) Question What are the amounts of net operating working capital for 2015? Use the company's financial data to answer the questions: Balance Sheet Data Assets Cash Short-term investments Accounts receivable Inventories Total current assets Net fixed assets Total assets Liabilities and equity Accounts payable Notes payable Accrued expenses Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total equity Total liabilities and equity 2015 7,282 0 632,160 1,287,360 1,926,802 939,790 2,866,592 2015 524,160 720,000 489,600 1,733,760 1,000,000 154,219 460,000 (327,168) 132,832 2,866,592 2014 9,000 48,600 351,200 715,200 1,124,000 344,800 1,468,800 2014 145,600 200,000 136,000 481,600 323,432 123,896 460,000 203,768 663,768 1,468,800 Profit and Loss Accounts Sales Cost of goods sold Other expenses Depreciation Total operating costs Earnings before interest and tax Interest expense Earnings before tax Taxes (40%) Net income 2015 2014 5,834,400 3,432,000 5,728,000 2,864,000 680,000 116,960 6,524,960 3,222,900 340,000 18,900 (690,560) 209,100 176,000 62,500 146,600 58,640 87,960 (866,560) (346,624) (519,936) Question What are the amounts of net operating working capital for 2015?
Expert Answer:
Answer rating: 100% (QA)
To calculate the net operating working capital for 2015 we need to subtract nonope... View the full answer
Related Book For
Practical Management Science
ISBN: 978-1305250901
5th edition
Authors: Wayne L. Winston, Christian Albright
Posted Date:
Students also viewed these accounting questions
-
Look at the four basic financial statements for Books-A-Million, found in Appendix A at the back of this book. Find the total assets, liabilities, and shareholders equity for the two most recent...
-
We have discussed many concepts in SCM 301 related to planning, sourcing, making and delivering products and services. The purpose of this case analysis is to integrate the different elements of the...
-
Voda Link Corp. is a manufacturer of communications components and accessories, with total assets of $10,000,000. Selected financial ratios for Voda Link and the industry averages for firms of...
-
C) Use the appropriate Maxwell relation and determine whether the specific heat capacity at constant pressure (Cp) is a function of pressure at onstant temperature for: i) An ideal gas ii) [6 marks]...
-
An article in the Journal of Aircraft (1988) describes the computation of drag coefficients for the NASA 0012 airfoil. Different computational algorithms were used at with the following results (drag...
-
An electron is contained in the rectangular corral of figure with widths Lx = 800 pm and Ly = 1600 pm. What is the electron's ground-state energy?
-
The following purchase related transactions for Axiom, Inc., occurred during the month of February. Requirement 1. Journalize the transactions for Axiom, Inc. Omit explanations. Feb 3 Purchased...
-
Lehmans net leverage ratio was not reported within the companys audited financial statements but rather in the companys financial highlights table and MD&A section of its annual report. What...
-
Student enrollment is up at the local community college. Lacey Grey, the admissions and enrollment coordinator is excited about this, but she is also worried that the current enrollment process may...
-
Stewart Recording Studio, owned by Ron Stewart, showed the following bank reconciliation at March 31: A list of deposits made and cheques written during April, taken from the Cash Receipts Journal...
-
Establishing a Shared Service Centre in China A global consulting company decided to centralize some of its finance and human resource-related activities from its Asia-Pacific operations in China. An...
-
Among those implicit objects, request, response and session are most popular objects and are often used in the interface between clients and servers. (True/False)
-
A default ResultSet object is updaTable and has a cursor that can move either forward or backward. (True/False)
-
To bind a Java beans property to an associated attribute of a tag in the JSF page, one needs to use the . a. Expression language (EL) with the syntax #(managedbean.property) b. Expression language...
-
When using an UpdaTable ResultSet to perform data manipulations, two parameters can be used to setup properties of a ResultSet object: . a. Forward-only, UpdaTable b. Scroll-sensitive, Read-only c....
-
What is the difference between a Java EE with EJB and a Java EE without EJB?
-
Last month, Laredo Company sold 580 units for $90 each. During the month, fixed costs were $3,330 and variable costs were $9 per unit. Required: 1. Determine the unit contribution margin and...
-
QUESTION 2 The CEO of Farisha Hijab Sdn Bhd insisted on further investigation to be carried out that he also required Mr Muaz to conduct the analysis of variance for the material and labour of the...
-
You are thinking of starting Peaco, which will produce Peak babies, a product that competes with Tys Beanie Babies. In year 0 (right now), you will incur costs of $4 million to build a plant. In year...
-
Change the ordering simulation so that emergency orders are never made. If demand in any week is greater than supply, the excess demand is simply lost. Simulate the same (s, S) policies as in the...
-
Continuing Problem 3 in a slightly different direction, create a two-way SolverTable where the inputs are the elasticity and the production capacity, and the outputs are the optimal price and the...
-
The following case deals with the problem of measuring the DTA and the related valuation allowance for year 4. The assumptions are as follows: Required Measure the deferred tax accounts and any...
-
The assumptions are as follows: The company has \($3,176\) of taxable income and \($100\) of tax credits for the current year. The \($84\) DTA for \($400\) of operating loss carryforwards was...
-
The following case deals with the recognition of a DTA, a DTL, and the determination of whether a valuation allowance is needed. The basic assumptions and facts are as follows: Required Complete the...
Study smarter with the SolutionInn App