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How much interest will you earn

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Q1- Joe Fellows is attempting to categorize several items from his company's financial statements so he can determine his working capital. Joe notices the following categories of accounts and amounts: cash, $3632; accounts payable, $10900; accounts receivable, $15079; sales taxes due city of Phoenix, $792; sales taxes due the Arizona Department of Revenue, $3636; inventory, $18004; wages payable, $5315; taxes payable (federal), $2838; money market fund, $12166; and computer, $3856. What is the amount of net working capital?

Q2- John Roe is attempting to categorize several items from his company's financial statements so he can determine his working capital. Joe notices the following categories of accounts and amounts: cash, $3442; accounts payable, $10258; accounts receivable, $14619; sales taxes due city of Phoenix, $719; sales taxes due the Arizona Department of Revenue, $3583; inventory, $18331; wages payable, $5761; taxes payable (federal), $2604; money market fund, $12878; and computer, $3409. What is the Current Ratio?

Q3- If you have $198,000 in an interest-bearing savings account that pays 2.4 percent annual interest, how much interest will you earn during a 30 day month?

Reference no: EM132759124

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