Reference no: EM133064001

Question - The Bravo has the following current balance sheet accounts:

Cash $10,000

Accounts Receivable 200,000

Accounts Payable 50,000

Inventory 20,000

Income Taxes Payable 30,000

Prepaid Expenses 10,000

Accrued Expenses 40,000

Current Portion-Long Term Debt 100,000

Wages Payable 30,000

Marketable Securities 25,000

Allowance for Doubtful Accounts 5,000

Required -

1. Determine the Bravo's total current assets.

2. Determine the Bravo's total current liabilities.

3. Determine the Bravo's net working capital.

4. Determine the Bravo's current ratio.