What was the net operating working capital

Assignment Help Financial Management
Reference no: EM132068678

Lennox Furniture Company's 2005 balance sheet showed total current assets of $1,150. All of the current assets were required in operations, and its current liabilities consisted of $300 of accounts payable, $35 of 6% short-term notes payable to the bank, and $30 of accrued wages and taxes. What was the net operating working capital at the end of 2005?

SHOW YOUR WORK

Reference no: EM132068678

Questions Cloud

Calculate profit margin and liabilities-to-assets ratio : Calculate Haslam's liabilities-to-assets ratio. Calculate Haslam's profit margin.
Identify potential new drilling project : Managers at Terlingua Drilling identify a potential new drilling project. Calculate the net present value for this proposed project.
Calculate the net present value for this proposed project : Calculate the net present value for this proposed project.
Major strengths and flaws in feedback control system : What do you see as the major strengths and flaws in the feedback control system used in the schools in this scenario?
What was the net operating working capital : What was the net operating working capital at the end of 2005?
Dividend analysis-particular discounted cash flow analysis : Consider the following statement “Dividend analysis and in particular DCF (Discounted cash flow analysis) of earnings data serves
Uses matrix structure organization : Provide an example of an airline that uses matrix structure organization.
Equity in the weighted average cost of capital computation : What weight should be given to equity in the weighted average cost of capital computation?
Payback period for project with the cash flows : Compute the payback period for a project with the following cash flows, if the company's discount rate is 14%.

Reviews

Write a Review

Financial Management Questions & Answers

  Opposed to an organizational goal

Which of the following statements is an organizational objective (as opposed to an organizational goal)?

  Determine uniform series amount

Determine Uniform Series Amount: Saving up for a investment in 6yrs, one estimates it will take 14500 to secure the investment. How much is needed to put into the savings account at the end of each eyar if the savings account earns 4% (neglect the ta..

  Reduction in the price of the equipment

Suburban Hospital has two options in how to purchase some EDP equipment with a list price of $5m. Option one is a 15% reduction in the price of the equipment but the hospital has to pay the full amount at the time of purchase. Option two is to pay fo..

  Which investment would have lower dollar market value

Which investment would have a lower dollar market value (price)?  A Treasury Bond Maturing in December 2020 with a coupon of 7%?

  Individual retirement account-earns tax-deferred interest

An individual retirement account, or IRA, earns tax-deferred interest and allows the owner to invest up to $5000 each year. Joe and Jill both will make IRA deposits for 30 years (from age 35 to 65) into stock mutual funds yielding 9.4%. Joe deposits ..

  What is the firm return on invested capital

Assume that you have just been hired as business manager of Campus Deli (CD), which is located adjacent to the campus. Sales were $1,100,000 last year, variable costs were 60% of sales, and fixed costs were $40,000. What is operating leverage, and ho..

  Non-annual annuity

Stan wants to save for his retirement in 30 years. How much must he save monthly, beginning at the end of the month to meet his objectives?

  Labor rate and efficiency variances

Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant. The plant has been experiencing problems as shown by its June contribution format income statement below: Budgeted Actual Sales (3,000 pools) $ 210,000 $ 210,000 Variable ..

  Calculate the price of coupon bond

Calculate the price of a 6.3 percent coupon bond with 14 years left to maturity and a market interest rate of 5.0 percent.

  What impact does the use of debt to finance business

What impact does the use of Debt to finance a business have on that company’s Weighted Average Cost of Capital and why?

  Expected sales growth rate using two-year average

What is the expected sales growth rate using a two-year average for 2012? What is the sales forecast for 2012?

  Compute the firms price earnings ratio

Compute the firm's price earnings ratio up two decimal places.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd