Question: Use the following information to answer questions below: 2012 2011 Total current assets $ 700,000 $ 600,000 Total non-current assets 1,500,000 1,400,000 Total current liabilities
Use the following information to answer questions below:
2012 2011
Total current assets $ 700,000 $ 600,000
Total non-current assets 1,500,000 1,400,000
Total current liabilities 500,000 400,000
Long-term borrowings 800,000 600,000
Share capital 800,000 700,000
Revenue 2,900,000 2,300,000
Gross profit 800,000 600,000
Retained earnings 200,000 100,000
Operating income 240,000 200,000
Profit for the year $ 100,000$ 60,000
Calculate the net working capital in terms of dollars and as a percentage of total assets for both years:
Net working capital ____________ _____________
Ratios ____________ _____________
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