New World has total assets of $31,300, long-term debt of $8,600, net fixed assets of $20,300, and owners' equity of $21,100. What is the value of the net working capital? (please show work and explain) How much is the depreciation expense for a small business with the following information: Sales=$500,000, Net income=$61,250, Tax liability=$13,750, Cost of goods sold=$200,000, Administrative expenses=$100,000, Interest expense=$30,000. (please show work and explain)
New World has total assets of $31,300, long-term debt of $8,600, net fixed assets of $20,300, and owners' equity of $21,100. What is the value of the net working capital? (please show work and explain) How much is the depreciation expense for a small business with the following information: Sales=$500,000, Net income=$61,250, Tax liability=$13,750, Cost of goods sold=$200,000, Administrative expenses=$100,000, Interest expense=$30,000. (please show work and explain)
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
Related questions
Question
- New World has total assets of $31,300, long-term debt of $8,600, net fixed assets of $20,300, and owners' equity of $21,100. What is the value of the net working capital?
(please show work and explain)
- How much is the
depreciation expense for a small business with the following information: Sales=$500,000, Net income=$61,250, Tax liability=$13,750, Cost of goods sold=$200,000, Administrative expenses=$100,000, Interest expense=$30,000. (please show work and explain)
Expert Solution
Step 1
Since you have asked multiple questions, we will solve the first question for you. If you want any specific question to be solved then please specify the question number or post only that question.
Total assets represent the sum of current and noncurrent assets. The current assets are expected to be sold or realized within a period of 12 months, while the long-term assets are not held for sale these are expected o be used in the business for more than a year.
Step by step
Solved in 2 steps with 2 images
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question
- How much is the
depreciation expense for a small business with the following information: Sales=$500,000, Net income=$61,250, Tax liability=$13,750, Cost of goods sold=$200,000, Administrative expenses=$100,000, Interest expense=$30,000. (please show work and explain)
Solution
by Bartleby ExpertRecommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education