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Using Financial Statements for 2018-2019. Net working capital for 2019 is $4,427,200.

Using Financial Statements for 2018-2019. Net working capital for 2019 is $4,427,200.

Essentials Of Investments
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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61. Using Financial Statements for 2018-2019. Net working capital for 2019 is $4,427,200.

TRUE OR FALSE?

**Balance Sheet and Income Statement Overview** **Balance Sheet** **Assets** *2019:* - Cash: $5,100,000 - Marketable Securities: $102,000 - Accounts Receivable: $1,632,000 - Inventories: $2,856,000 **Total Current Assets:** $9,690,000 - Property, Plant, & Equipment: $3,624,000 - Other Fixed Assets: $2,703,000 **Total Fixed Assets:** $6,327,000 **Total Assets:** $15,657,000 *2018:* - Cash: $4,900,000 - Marketable Securities: $98,000 - Accounts Receivable: $1,568,000 - Inventories: $2,744,000 **Total Current Assets:** $9,310,000 - Property, Plant, & Equipment: $3,136,000 - Other Fixed Assets: $2,597,000 **Total Fixed Assets:** $5,733,000 **Total Assets:** $15,043,000 **Liabilities & Equity** *2019:* - Accounts Payable: $1,878,840 - Notes Payable: $1,722,270 - Accrued Expenses Payable: $1,409,130 - Accrued Taxes Payable: $1,252,560 **Total Current Liabilities:** $6,262,800 - Long-Term Debt: $782,850 **Total Liabilities:** $7,045,650 - Preferred Stock ($100 par, 6%): $1,095,990 - Common Stock ($5 par value): $2,035,410 - Paid-In Capital in Excess of Par: $4,227,290 - Retained Earnings: $1,252,560 **Total Stockholder’s Equity:** $8,611,350 **Total Liabilities & Equity:** $15,657,000 *2018:* - Accounts Payable: $1,805,160 - Notes Payable: $1,654,730 - Accrued Expenses Payable: $1,353,870 - Accrued Taxes Payable: $1,255,590 **Total Current Liabilities:**
Transcribed Image Text:**Balance Sheet and Income Statement Overview** **Balance Sheet** **Assets** *2019:* - Cash: $5,100,000 - Marketable Securities: $102,000 - Accounts Receivable: $1,632,000 - Inventories: $2,856,000 **Total Current Assets:** $9,690,000 - Property, Plant, & Equipment: $3,624,000 - Other Fixed Assets: $2,703,000 **Total Fixed Assets:** $6,327,000 **Total Assets:** $15,657,000 *2018:* - Cash: $4,900,000 - Marketable Securities: $98,000 - Accounts Receivable: $1,568,000 - Inventories: $2,744,000 **Total Current Assets:** $9,310,000 - Property, Plant, & Equipment: $3,136,000 - Other Fixed Assets: $2,597,000 **Total Fixed Assets:** $5,733,000 **Total Assets:** $15,043,000 **Liabilities & Equity** *2019:* - Accounts Payable: $1,878,840 - Notes Payable: $1,722,270 - Accrued Expenses Payable: $1,409,130 - Accrued Taxes Payable: $1,252,560 **Total Current Liabilities:** $6,262,800 - Long-Term Debt: $782,850 **Total Liabilities:** $7,045,650 - Preferred Stock ($100 par, 6%): $1,095,990 - Common Stock ($5 par value): $2,035,410 - Paid-In Capital in Excess of Par: $4,227,290 - Retained Earnings: $1,252,560 **Total Stockholder’s Equity:** $8,611,350 **Total Liabilities & Equity:** $15,657,000 *2018:* - Accounts Payable: $1,805,160 - Notes Payable: $1,654,730 - Accrued Expenses Payable: $1,353,870 - Accrued Taxes Payable: $1,255,590 **Total Current Liabilities:**
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Net Working capital 

= Current Assets - Current Liabilities

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