ZuoTi.Pro
Question

Laurel Electronics reported the following information at its annual meeting: The company had cash and marketable...

Laurel Electronics reported the following information at its annual meeting: The company had cash and marketable securities worth $1,235,455, accounts payables worth $4,159,357, inventory of $7,136,200, accounts receivables of $3,450,200, short-term notes payable worth $1,146,500, and other current assets of $121,455. What is the company's net working capital?

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Total current assets=cash and marketable securities+inventory+AR+other current assets

=(1,235,455+7,136,200+3,450,200+121,455)=$11943310

Total current liabilities=AP+Short term notes payable

=4,159,357+1,146,500=$5305857

Net working capital=Total current assets-Total current liabilities

=11943310-5305857

=$6637453

0 1
Add a comment
Know the answer?
Add Answer to:
Laurel Electronics reported the following information at its annual meeting: The company had cash and marketable...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Crane Electronics reported the following information at its annual meetings: The company had cash and marketable...

    Crane Electronics reported the following information at its annual meetings: The company had cash and marketable securities worth $1,235,455, accounts payabies worth $4,159,357, inventory of $7,107,500, accounts receivables of $3,493,800, short-term notes payable worth $1,142,000, and other current assets of $121,455. What is the company's net working capital?

  • Sandhill Electronics reported the following information at its annual meetings: The company had cash and marketable...

    Sandhill Electronics reported the following information at its annual meetings: The company had cash and marketable securities worth $1,235,455, accounts payables worth $4,159,357, inventory of $7,134,300, accounts receivables of $3,454,000, short-term notes payable worth $1,122,400, and other current assets of $121,455. What is the company's net working capital? Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem...

  • Working capital: Laurel Electronics reported the following information at its annual meetings: The company had cash...

    Working capital: Laurel Electronics reported the following information at its annual meetings: The company had cash and marketable securities worth 1,305,449, accounts payables worth 4,188,061, inventory of 7,893,603, accounts receivables of 3,458,080, short-term notes payable worth 1,224,947, and other current assets of 123,457. What is the company’s net working capital? Round your answer to a whole number.

  • WileyPLUS: HywileyLUS I Hea I Centact U US LesOt Parrino, Essentials of Corporate Finance, le CORPORATE...

    WileyPLUS: HywileyLUS I Hea I Centact U US LesOt Parrino, Essentials of Corporate Finance, le CORPORATE FINANCE (MBA633-001) HESSAGE HY INSTRUCTOR STANDARD VIEW PRINTER VERSON BACK NEXT Question 2 XYour answer is incorrect. Try again. Laurel Electronics reported the following information at its annual meeting: The company had cash and marketable securities worth $1,235,455, accounts payables worth $4,159,357, inventory of $7,136,200, accounts recelvables of $3,450,200, short-term notes payable worth $1,146,500, and other current assets of $121,455. What is the company's...

  • Please format answers to with EXCEL or to put in EXCEL. Thank you! 5. [EXCEL] Working...

    Please format answers to with EXCEL or to put in EXCEL. Thank you! 5. [EXCEL] Working capital: Laurel Electronics reported the following information at its annual meeting: The company had cash and marketable securities worth $1,235,455, accounts payables worth $4,159,357, inventory of $7,121,599, accounts receivables of $3,488,121, short-term notes payable worth $1,151,663, and other current assets of $121,455. What is the company's net working capital? 6. [EXCEL] Working capital: The financial information for Laurel Electronics referred to in Problem 5...

  • Current Year Previous Year Current assets:   Cash $387,600 $291,200   Marketable securities 448,800 327,600   Accounts and notes...

    Current Year Previous Year Current assets:   Cash $387,600 $291,200   Marketable securities 448,800 327,600   Accounts and notes receivable (net) 183,600 109,200   Inventories 475,200 348,900   Prepaid expenses 244,800 223,100   Total current assets $1,740,000 $1,300,000 Current liabilities:   Accounts and notes payable   (short-term) $348,000 $364,000   Accrued liabilities 252,000 156,000   Total current liabilities $600,000 $520,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place.

  • 1/Bronco Electronics' current assets consist of cash, marketable securities, accounts receivable, and inventories. The following data...

    1/Bronco Electronics' current assets consist of cash, marketable securities, accounts receivable, and inventories. The following data were abstracted from a recent financial statement: Inventories $ 155,000 Total assets $ 1,430,000 Current ratio 3.3 Acid-test ratio 2.30 Debt to equity ratio 1.6 Required: Compute the long-term assets for Bronco: Long-term assets 2/ Bronco Electronics' current assets consist of cash, marketable securities, accounts receivable, and inventories. The following data were abstracted from a recent financial statement: Inventories $ 170,000 Total assets $...

  • 1/Bronco Electronics' current assets consist of cash, marketable securities, accounts receivable, and inventories. The following data...

    1/Bronco Electronics' current assets consist of cash, marketable securities, accounts receivable, and inventories. The following data were abstracted from a recent financial statement: Inventories $ 155,000 Total assets $ 1,430,000 Current ratio 3.3 Acid-test ratio 2.30 Debt to equity ratio 1.6 Required: Compute the long-term assets for Bronco: Long-term assets 2/ Bronco Electronics' current assets consist of cash, marketable securities, accounts receivable, and inventories. The following data were abstracted from a recent financial statement: Inventories $ 170,000 Total assets $...

  • Selected amounts from Reingold Company's balance sheet from the beginning of the year follow: Cash Marketable...

    Selected amounts from Reingold Company's balance sheet from the beginning of the year follow: Cash Marketable Securities Accounts receivable. net Inventory Prepaid expenses Plant and equipment, net Accounts payable Accrued liabilities Notes due within one year Bonds payable in five years $ 57,000 $ 5,500 $ 318,800 $ 426,200 $ 5,400 $ 820,000 $ 176,600 $ 48,300 $ 74,000 $ 127,000 During the year, the company completed the following transactions X Purchased inventory on account, $40.250. a. Declared a cash...

  • Denna Company’s working capital accounts at the beginning of the year follow: Cash $ 81,000 Marketable...

    Denna Company’s working capital accounts at the beginning of the year follow: Cash $ 81,000 Marketable securities $ 24,400 Accounts receivable, net $ 376,400 Inventory $ 488,600 Prepaid expenses $ 15,700 Accounts payable $ 219,800 Notes due within one year $ 122,000 Accrued liabilities $ 69,900 During the year, Denna Company completed the following transactions: Ex. Paid a cash dividend previously declared, $41,000. Issued additional shares of common stock for cash, $222,000. Sold inventory costing $78,800 for $111,000, on account....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT