arden Company has cash of $26,000, accounts receivable of $36,000, inventory of $19,000, and equipment of $56,000. Assuming current liabilities of $27,000, this company's working capital is: Multiple Choice
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- Swasey Company earned net income of 1,800,000 in 20X2. Swasey provided the following information: Required: Compute the financing cash flows for the current year.Darden Company has cash of $28,000, accounts receivable of $38,000, inventory of $20,000, and equipment of $58,000. Assuming current liabilities of $28,000, this company's working capital is: Multiple Choice $58,000. $10,000. $88,000. $38,000.Calculate the net working capital of the company Using the following information. Cash $2,000 Account receivables $3,500 Intangible assets $9,000 Cash eQuivalent $6,000 Marketable securities $5,000 Notes payable (3%, due in 3 months) $4,000 Prepaid expenses $12,000 Current po1tion of long-te1m loans $7,000 Accrned expenses $6,770 Short term loans $4550 Answer choices: Net working capital $ 9, Net working capital $15, Net working capital $ 11, Net working capital $ 6,
- Sterling had assets and liabilities as follows: Cash $25,000Accounts Receivable $40,000Inventory $62,500Building (net of accum. deprec.) $90,000Goodwill $65,000Accounts Payable $55,500Accrued Expenses $12,500Bond Payable (Due in 15 yrs) $90,000 Calculate working capital, and current and quick ratiosThe financial statements of Persimmon Company include the following items: 20X9 20X8 Cash $51,500 $44,000 Short-term Investments 33,000 16,000 Net Accounts Receivable 100,000 105,000 Merchandise Inventory 165,000 148,000 Total Assets 535,000 551,000 Total Current Liabilities 275,000 294,000 Long-term Note Payable 57,000 56,000 What is working capital for 20X9? Group of answer choices A $203,000 B $90,500 C $74,500 D $41,500Presented below is information available for Marley Company. Current Assets Cash $ 4,000 Short-term investments 55,000 Accounts receivable 51,000 Inventory 110,000 Prepaid expenses 30,000 Total current assets $250,000 Total current liabilities are $100,000. The acid-test ratio for Marley is: 2.20 to 1 2.50 to 1 1.30 to 1 1.10 to 1
- Karen’s Diner has provided the following financial information: cashand marketable securities = $250,000, accounts receivable =$1,350,000, inventory = $2,770,000, accrued wages and taxes=$455,000, accounts payable = $911,000, and notes payable =$550,000. Find the net working capital (Round to the nearest dollar amount)A company has cash, $80,000; temporary investments, $20,000; net receivables, $60,000; and inventory, $450,000. Current liabilities are $200,000. The quick or acid-test ratio is:XYZ Company had cash of $200,000, Accounts payable of $150,000, Plant & Equipment of $350,000, Inventory of $75,000 and other assets of $90,000. XYZ's liabilities consisted of long-term debt of $350,000, non-current portion of notes payable of $65,000, Accounts Payable of $ 135,000 and Accrued Expenses of $65,000. Calculate the working capital and the current ratio based upon this information.
- the total current assets of Gorgan company is equal to $540,000. This includes cash of $40,000, inventories of $250,000, and accounts receivables of $250,000. the current liabilities of the company is equal to $400,000. Calculate the companies quick ratio (round to 2 decimal places). A) 1.35 B) 1.25 C) 0.63 D) 0.73Harding Company Accounts payable $ 40,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 30,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 110,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 30,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000 Based on the data for Harding Company, what is the amount of working capital?Holmes, Inc. expects net cash flow from operating activities to be $160,000, and the company plans purchases of equipment of $83,000 and repurchases of stock of $24,000. What is Holmes’s free cash flow? a. $53,000 b. $160,000 c. $77,000 d. $83,000
