   Chapter 15.III, Problem 1RE ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

# Calculate the amount of working capital and the current ratio for the following companies. Round ratios to the nearest hundredth. Current Current Working Current Company Assets Liabilities Capital Ratio 1. Super-Saver, Inc. $450,000$132,000 $318,000_ 3.41:1 To determine To calculate: The amount of working capital and the current ratio of the company Super-Saver Inc. which has current assets of$450,000 and current liabilities of $132,000. Round the ratios to the nearest hundredth. Explanation Given Information: The company Super-Saver Inc. has current assets of$450,000 and current liabilities $132,000. Formula used: The formula for the working capital is, Working capital=Current AssetsCurrent liabilities The formula for the current ratio is, Current ratio=Current assetsCurrent liabilities Calculation: Consider that Super-Saver Inc. has current assets of$450,000 and current liabilities \$132,000.

Compute the working capital by substituting 450,000 for current assets, and 132,000 for current liabilities in the formula “Working capital=Current AssetsCurrent liabilities

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