GEHstron Manufacturing Corporatlo Balance Shect 2017 216 ASSETS Cach $41,752 $51,378 Accts. recelvable 260, 499 200, 43 Inventory S00,484 450, 460 Rotal current assets 802, 735 702, I81 Fixed assets, net 400,000 300, (X00 Total assets $1,202, 735 $1,002, 1381 IABILITIES AND EQUITY Accts. paysble $172,548 $131, 068 Bank loan 91,013 91,013 Accruals 70,000 50, 000 Total current labilitles 333,661 272, 081 Long-term debt, 12% 398,220 Common stock, $10 par 300,000 300, 000 Capital surpluz 44,555 44,555 Retained carnings 126,299 95,444 Total llabilitie & eoulty S1,202,735 $1,002, 881 Genatron Manufacturing Corporaton Income Statement 2017 2016 Net sales $1,680, E85 $1. 480, 685 1,008,411 288,411 Gross profit E72.274 E92, 274 Expenses: General and aoministrative 150,000 150,000 Marketing 130,000 Deprecietion 50, 191 40,423 v (a) Calculate Genatron's dollar amount of net working capital in each year. Interest SS 024 44, 585 Earnings before taxes 267 055 227.256 2016 2017 Income taxes 75.145 E0 097 Net working capital Net ncome E151 910 L67,169

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Genatron Manufacturing Corporatio
Balancs Sh出出t
2017
216
ASSETS
Cach
$41,752
$51,878
Accts. recelvable
260, 499
200,543
Inventory
450,460
Total current assets
B02, 735
702,181
Fixed asset, nct
300, 100
$1,202, 735 $1,002, 381
LIABILITIES AND EQUITY
Accts. paysble
$172,648
$131,068
Bank loan
91,013
91,013
Accrusis
70,000
50, 000
Total current Isbllties
333,661
272.081
Long-term deot, 12%
398,220
290,301
Common stock, $10 par
300,000
Capital surplus
44,555
44,555
Retained crninga
126,299
95,444
Total liabiliiti &oulty
51.202,735 51,002,381
2017
2016
Net sales
Cost of peocS So0
388,411
Gross profit
E72.274
Experses:
General ancasm nistrative
50.000
Market ng
cod ost
rer cs
44.5E5
Ceprec at cn
v (a)
Calculate Genatron's dollar amount of net working capital in each year.
Interest
E5.024
Earnings tetsre taxes
267.055
227.266
2017
2016
Incometaxes
75 145
Net working capital
et ncome
%24
Transcribed Image Text:Genatron Manufacturing Corporatio Balancs Sh出出t 2017 216 ASSETS Cach $41,752 $51,878 Accts. recelvable 260, 499 200,543 Inventory 450,460 Total current assets B02, 735 702,181 Fixed asset, nct 300, 100 $1,202, 735 $1,002, 381 LIABILITIES AND EQUITY Accts. paysble $172,648 $131,068 Bank loan 91,013 91,013 Accrusis 70,000 50, 000 Total current Isbllties 333,661 272.081 Long-term deot, 12% 398,220 290,301 Common stock, $10 par 300,000 Capital surplus 44,555 44,555 Retained crninga 126,299 95,444 Total liabiliiti &oulty 51.202,735 51,002,381 2017 2016 Net sales Cost of peocS So0 388,411 Gross profit E72.274 Experses: General ancasm nistrative 50.000 Market ng cod ost rer cs 44.5E5 Ceprec at cn v (a) Calculate Genatron's dollar amount of net working capital in each year. Interest E5.024 Earnings tetsre taxes 267.055 227.266 2017 2016 Incometaxes 75 145 Net working capital et ncome %24
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