A junior analyst at Camberwell Corp. has jumbled the items on its balance sheet. Bank debt $10.7 million Other current liabilities Plant and equipment 13.8 36.4 Long-term debt Accounts receivable Marketable investments Inventories 13.7 10.3 8.0 9.5 Goodwill 5.4 Other current assets 14.6 Accounts payable 10.0 Cash 5.3 Can you help him calculate the value of (a) Camberwell's current assets, (b) its current liabilities, and (c) its net working capital? (Enten your answers in million. Do not round intermediate calculations. Round your final answers to 1 decimai place.) a. Total current assets million b. Total current liabilities million c. Net working capital. million

A junior analyst at Camberwell Corp. has jumbled the items on its balance sheet. Bank debt $10.7 million Other current liabilities Plant and equipment 13.8 36.4 Long-term debt Accounts receivable Marketable investments Inventories 13.7 10.3 8.0 9.5 Goodwill 5.4 Other current assets 14.6 Accounts payable 10.0 Cash 5.3 Can you help him calculate the value of (a) Camberwell's current assets, (b) its current liabilities, and (c) its net working capital? (Enten your answers in million. Do not round intermediate calculations. Round your final answers to 1 decimai place.) a. Total current assets million b. Total current liabilities million c. Net working capital. million

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

Problem 1PS

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As loan analyst for Carla Bank, you have been presented the following information. Toulouse Co. Lautrec Co. Assets Cash $124,000 $335,000 Receivables 214,000 305,000 Inventories 589,000 523,000 Total current assets 927,000 1,163,000 Other assets 482,000 582,000 Total assets $1,409,000 $1,745,000 Liabilities and Stockholders’ Equity Current liabilities $301,000 $368,000 Long-term liabilities 409,000 482,000 Capital stock and retained earnings 699,000 895,000 Total liabilities and stockholders’ equity $1,409,000 $1,745,000 Annual sales $946,000 $1,559,000 Rate of gross profit on sales 30 % 40 % Each of these companies has requested a loan of $50,000 for 6 months with no collateral offered. Because your bank has reached its quota for loans of this type, only one of these requests is to be…
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