Let It Be, Inc. has shareholders' equity of $150,800. The firm owes a total of $144,000 of which 40 percent are current liabilities. The firm net fixed assets of $190,600. What is the amount of the net working capital?
Financial Ratios
A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.
Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
Let It Be, Inc. has shareholders' equity of $150,800. The firm owes a total of $144,000 of which 40 percent are current liabilities. The firm net fixed assets of $190,600. What is the amount of the net working capital?
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