Question: The following data can be found on Stevenson Inc.'s balance sheet: Cash of $300,000; marketable securities of $120,000; accounts receivable of $1,000,000; inventory of $750,000;

The following data can be found on Stevenson Inc.'s balance sheet: Cash of $300,000; marketable securities of $120,000; accounts receivable of $1,000,000; inventory of $750,000; net plant and equipment of $900,000; and total current liabilities of $960,000. Calculate Jorgonson Inc.'s net working capital.
$2,110,000
$1,210,000
$460,000
$640,000

Step by Step Solution

★★★★★

3.36 Rating (162 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Computation of the Net Working Capital Formula Net Working ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1368-B-M-A-V-C(2029).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

Estimate parameters for the EWMA and GARCH(1,1) model on the euro-USD exchange rate data between July 27, 2005, and July 27, 2010. This data can be found on the authors website:...

The fluctuating price of oil has a big impact on the cost of a supply chain. As oil prices increase, so does the cost of transportation. Recent fluctuations in the price of oil have taught supply...

Estimating Qualcomm stock prices. As an example of the polynomial regression, consider data on the weekly stock prices of Qualcomm, Inc., a digital wireless telecommunications designer and...

Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Beginning Balance Ending Balance Assets Cash $ 133,000 $ 126,000 Accounts receivable...

How can one estimate the cost of external equity under various methods (Q10)? Further explanation and detail can be found at the bottom if needed. Case 100 Pressed Paper Products, Inc. Cost of...

Question 1 Not complete Marked out of 3.00 P Flag question Accrued Interest Payable Compute the interest accrued on each of the following notes payable owed by Galloway, Inc, on December 31: Use 360...

The financial statements for Royale and Cavalier companies are summarized here: Rayale Cavalier Company Company Balance Sheet Cash 5 16, 000 s 81, 000 Accounts Receivable, Net 46,000 7,000 Inventory...

I am stuck on what to do next to consolidate this financial statement. I colored the consolidated Dr/Cr that I made that were grouped together. Assume that on 1/1/X0, a parent company acquires a 70%...

List four basic financial statement analysis procedures, describe how you would calculate each procedure and discuss why you would use each procedure. In your initial response, please do not use...

Hi, I need help in filling the yellow shaded regions in Tab 3 and Tab 4. I attempted tab 3 but the answers don't add up. I See The Light Projected Income Statement For the Period Ending December 31,...

Given that many new businesses fail in the first few years after they are established, how should an entrepreneur think about the risk of failure associated with a new business? From what you have...

The following financial statement information is for an investor company and an investee company on January 1, 2019. On January 1, 2019, the investor company's common stock had a traded market value...

Use the data for Starbucks ( SBUX ) and Google ( GOOGL ) in the latle, : . asvir pis ( 6 8 . 9 % ) a . What is the retum for SBUX over the penod without induding its dmidends? With the dividends? b ....

Suppose that John is ill 10 days per year. Draw the impact of this illness on the equilib rium defi ned in Exercise 5. How will it change his equilibrium allocation of earnings and labor vs. leisure?

By making simple sketches of the appropriate vector products, show that (a) A B can be interpreted as the product of the magnitude of A times the component of B along A, or the magnitude of B times...

For the vectors A and b in Fig 1.3, (a) Find the magnitude and direction of the vector product A X D; (b) Find the magnitude and direction of D X A.

Find the vector product A X B (expressed in unit vectors) of the two vectors given in Exercise 1.50. What is the magnitude of the vector product?

I would like some direction into gathering the data needed for this problem. I don't need the answer but rather what type of analysis would you recommend? FCF? Walgreen was planning to buy Rite-Aid...

You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current monthly payment is $1.850 and you have made every payment on time. The...

I need help filling out this ProForma. Please show the formulas used. Thanks. G H I K L M N 0 Year 3 Year 4 Year 5 % % % Per Door % % * Per Door % Per Door A B D E F 1 Independent Variables for Hotel...