Reference no: EM133012349
Question - Given the information below, calculate the Working Capital and Current Ratio
1. Cash and marketable securities - $3,500,000
2. Accounts Receivable (Gross) - $2,000,000
3. Accounts Payable - $2,500,000
4. Accumulated Depreciation 2,500,000
5. Allowance for doubtful accounts 2.5%
6. Inventory - $3,500,000
7. Other Current Assets - $1,000,000
8. Common Stock at Par Value - $100,000
9. Current portion of long term notes - $1,000,000
10. Other Current Liabilities - $1,950,000
11. Goodwill - $10,000,000
12. Long-Term debt - $10,000,000
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