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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, $3146; accounts payable, $10982; accounts receivable, $15205; sales taxes due city of Phoenix, $533; sales taxes due the Arizona Department of Revenue, $3416; inventory, $16979; wages payable, $5399; taxes payable (federal), $2755; money market fund, $12762; and computer, $3905. 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, $3387; accounts payable, $10618; accounts receivable, $15151; sales taxes due city of Phoenix, $991; sales taxes due the Arizona Department of Revenue, $3911; inventory, $16752; wages payable, $5250; taxes payable (federal), $2592; money market fund, $12582; and computer, $3462. What is the Current Ratio?

Q3. If you have $172,000 in an interest-bearing savings account that pays 3.8 percent annual interest, how much interest will you earn during a 30 day month?

Reference no: EM133028142

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