**Genatron Manufacturing Corporation: Financial Statements**This section provides an overview of Genatron Manufacturing Corporation's financials as presented in their Balance Sheet and Income Statement for the years 2017 and 2016.### Balance Sheet**Assets:**- **Cash:** - 2017: $41,752 - 2016: $51,378 - **Accounts Receivable:** - 2017: $260,499 - 2016: $200,143 - **Inventory:** - 2017: $500,484 - 2016: $450,460 - **Total Current Assets:** - 2017: $802,735 - 2016: $702,181 - **Fixed Assets, Net:** - 2017: $400,000 - 2016: $300,000 - **Total Assets:** - 2017: $1,202,735 - 2016: $1,002,181 **Liabilities and Equity:**- **Accounts Payable:** - 2017: $172,648 - 2016: $131,068 - **Bank Loan:** - 2017: $91,013 - 2016: $91,013 - **Accruals:** - 2017: $70,000 - 2016: $50,000 - **Total Current Liabilities:** - 2017: $333,661 - 2016: $272,081 - **Long-term Debt, 12%:** - 2017: $398,220 - 2016: $290,101 - **Common Stock, $10 Par:** - 2017: $300,000 - 2016: $300,000 - **Capital Surplus:** - 2017: $44,555 - 2016: $44,555 - **Retained Earnings:** - 2017: $126,299 - 2016: $95,444 - **Total Liabilities & Equity:** - 2017: $1,202,735 - 2016: $

A balance sheet is a statement which provides financial data related to the assets, liabilities and…

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

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

Problem 1PS

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Question

**Genatron Manufacturing Corporation: Financial Statements**

This section provides an overview of Genatron Manufacturing Corporation's financials as presented in their Balance Sheet and Income Statement for the years 2017 and 2016.

### Balance Sheet

**Assets:**

- **Cash:**
- 2017: $41,752
- 2016: $51,378

- **Accounts Receivable:**
- 2017: $260,499
- 2016: $200,143

- **Inventory:**
- 2017: $500,484
- 2016: $450,460

- **Total Current Assets:**
- 2017: $802,735
- 2016: $702,181

- **Fixed Assets, Net:**
- 2017: $400,000
- 2016: $300,000

- **Total Assets:**
- 2017: $1,202,735
- 2016: $1,002,181

**Liabilities and Equity:**

- **Accounts Payable:**
- 2017: $172,648
- 2016: $131,068

- **Bank Loan:**
- 2017: $91,013
- 2016: $91,013

- **Accruals:**
- 2017: $70,000
- 2016: $50,000

- **Total Current Liabilities:**
- 2017: $333,661
- 2016: $272,081

- **Long-term Debt, 12%:**
- 2017: $398,220
- 2016: $290,101

- **Common Stock, $10 Par:**
- 2017: $300,000
- 2016: $300,000

- **Capital Surplus:**
- 2017: $44,555
- 2016: $44,555

- **Retained Earnings:**
- 2017: $126,299
- 2016: $95,444

- **Total Liabilities & Equity:**
- 2017: $1,202,735
- 2016: $

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Calculate the asset efficiency - receivables, inventory, fixed asset and total asset turnover ratios

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