What is Ratio Corporation's Working Capital at 12/31/2021? Question 1 options: None of these options $38,000 $80,000 $42,000 RATIO CORPORATIONBALANCE SHEETDecember 31ASSETS20212020Current Assets$20,000$18,0008,00030,0004,000$80,000Cash$10,000$13,0005,00025,0005,000$58,000Marketable SecuritiesAccounts ReceivableMerchandise InventoryOther Current AssetsTotal Current AssetsNoncurrent AssetsBuildings and Equipment (cost) $550,000(210,000)$340,000$420,000$500,000(200,000)$300,000$358,000Accumulated DepreciationBuildings and Equipment (net)TOTAL ASSETSLIABILITIES & SHAREHOLDERSEQUITYCurrent LiabilitiesAccounts PayableWages PayableOther Payables$18,00011,0009,000$38,000$15,0001,00012,000$28,000Total Current LiabilitiesNoncurrent LiabilitiesBonds Payable$208,000$246,000$160,000$188,000TOTAL LIABILITIES Shareholders' EquityCommon Stock$4,000$70,000100,000$174,000$2,000$50,000118,000$170,000APICRetained EarningsTotal Shareholders' EquityTOTAL LIAB. &SHAREHOLDERS' EQUITY$420,000$358,000RATIO CORPORATIONINCOME STATEMENTYear End12/31/2021$1,000,000(800,000)200,000(20,000)180,000(40,000)140,000(56,000)$84,000Net SalesCGSProfit MarginSG&AOperating IncomeInterest ExpensePre-Tax IncomeТах Expense @ 40%Net Income

Working Capital = Total current assets - Total current liabilities

Answered: Working Capital

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A4 9a We find the following information on NPNG (No-Pain-No-Gain) Inc.: A4 9a EBIT = $2,000,000Depreciation = $250,000Change in net working capital = $100,000Net capital spending = $300,000 These numbers are projected to increase at the following supernormal rates for the next three years, and 5% after the third year for the foreseeable future: EBIT: 20%Depreciation: 10%Change in net working capital: 15%Net capital spending: 10% The firm’s tax rate is 35%, and it has 1,000,000 outstanding shares and $8,000,000 in debt. We have estimated the WACC to be 15%. a. Calculate the EBIT, Depreciation, Changes in NWC, and net capital spending for the next four years.
Liabilities 2021 2020 Assets 2021 2020 ₹ ₹ ₹ ₹ Share Capital 5,00,000 5,00,000 Premises 4,75,000 5,00,000 General Reserve 1,50,000 1,25,000 Machinery 4,22,500 3,75,000 Profit & Loss Ac 76,500 76,250 Equipments 40,500 45,000 Term Loan from ICICI 1,55,000 1,75,000 Stock 74,000 1,00,000 Sundry Creditors 2,31,250 2,75,000 Sundry Debtors 1,60,000 2,00,000 Provision for Taxation 76,250 84,250 Cash 7,000 3,000 Bank 10,000 - Goodwill - 12,500 11,89,000 12,35,500 11,89,000 12,35,500 Other Information: (1) Dividend (interim) of Rs. 25,000 was paid during the year. (2) Depreciation on Premises is provided at 5% & at Equipment at 10% (3) Machinery of Rs. 75,000 was acquired during the year. (4) Income Tax provision for the year was Rs. 75,000. Prepare Cash flow statement?
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