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Calculate Goodman Bees net working capital

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Q1. The Fitness Studio, Inc.'s 2018 income statement lists the following income and expenses: EBIT = $781,000, interest expense = $250,000, and taxes = $185,850. The firm has no preferred stock outstanding and 100,000 shares of common stock outstanding. Calculate the 2018 earnings per share.

Q2. You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $610,000, accounts receivable = $1,700,000, inventory = $1,400,000, accrued wages and taxes = $640,000, accounts payable = $940,000, and notes payable = $740,000. Calculate Goodman Bees' net working capital.

Reference no: EM132856973

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