(A) | Working Capital | = | Total Current Assets | - | Total Current Liabilities | ||||||
= | $1,952,000.00 | - | $880,000.00 | ||||||||
Working Capital (This year) | = | $1,072,000.00 | |||||||||
Working Capital (Last year) | = | $1,576,000.00 | - | $460,000.00 | |||||||
= | $1,116,000.00 | ||||||||||
(B) | Current Ratio | = | Total Current Assets | / | Total Current Liabilities | ||||||
= | $1,952,000.00 | / | $880,000.00 | ||||||||
Current Ratio (This year) | = | 2.22 Times | |||||||||
Current Ratio (Last year) | = | $1,576,000.00 | / | $460,000.00 | |||||||
= | 3.43 Times | ||||||||||
( C) | Acid test ratio | = | (Cash + Marketable Securities + Accounts Receivable)/Total Current Liabilities | ||||||||
= | (128000+0+685000)/880000 | ||||||||||
Acid test ratio(This year) | = | 0.92 Times | |||||||||
Acid test ratio(Last year) | = | (310000+13000+460000)/460000 | |||||||||
= | 1.70 Times | ||||||||||
(D) | Average collection period | = | 365 Days / Accounts receivable turnover ratio | ||||||||
= | 365 Days/10.13 | ||||||||||
Average collection period(This year) = | 36.03 | Days | |||||||||
Accounts receivable turnover ratio = | Net Sales/Average Accounts Receivables | ||||||||||
= | 5800000/[(685000+460000)/2] | ||||||||||
= | 10.13 | ||||||||||
Average collection period(Last year)= | 365 Days / Accounts receivable turnover ratio | ||||||||||
= | 365 Days/11.10 | ||||||||||
Average collection period(This year) = | 32.88 | Days | |||||||||
Accounts receivable turnover ratio = | Net Sales/Average Accounts Receivables | ||||||||||
(Last Year) | = | 4830000/[(410000+460000)/2] | |||||||||
= | 11.10 | ||||||||||
Paul Sabin organized Sabin Electronics 10 years ago to produce and sell several electronic devices on...
Paul Sabin organized Sabin Electronics 10 years ago to produce and sell several electronic devices on which he had secured patents. Although the company has been fairly profitable, it is now experiencing a severe cash shortage. For this reason, it is requesting a $600,000 long-term loan from Gulfport State Bank, $150,000 of which will be used to bolster the Cash account and $450,000 of which will be used to modernize equipment. The company's financial statements for the two most recent...
Paul Sabin organized Sabin Electronics 10 years ago to produce and sell several electronic devices on which he had secured patents. Although the company has been fairly profitable, it is now experiencing a severe cash shortage. For this reason, it is requesting a $640,000 long-term loan from Gulfport State Bank, $170,000 of which will be used to bolster the Cash account and $470,000 of which will be used to modernize equipment. The company's financial statements for the two most recent...
Paul Sabin organized Sabin Electronics 10 years ago to produce and sell several electronic devices on which he had secured patents. Although the company has been fairly profitable, it is now experiencing a severe cash shortage. For this reason, it is requesting a $590,000 long-term loan from Gulfport State Bank, $145,000 of which will be used to bolster the Cash account and $445,000 of which will be used to modernize equipment. The company's financial statements for the two most recent...
aul Sabin organized Sabin Electronics 10 years ago to produce and sell several electronic devices on which he had secured patents. Ithough the company has been fairly profitable, it is now experiencing a severe cash shortage. For this reason, it is requesting a 660,000 long-term loan from Gulfport State Bank, $180,000 of which will be used to bolster the Cash account and $480,000 of thich will be used to modernize equipment. The company's financial statements for the two most recent...
Paul Sabin organized Sabin Electronics 10 years ago to produce and sell several electronic devices on which he had secured patents. Although the company has been fairly profitable, it is now experiencing a severe cash shortage. For this reason, it is requesting a $590,000 long-term loan from Gulfport State Bank, $145,000 of which will be used to bolster the Cash account and $445,000 of which will be used to modernize equipment. The company’s financial statements for the two most recent...
Paul Sabin organized Sabin Electronics 10 years ago to produce and sell several electronic devices on which he had secured patents. Although the company has been fairly profitable, it is now experiencing a severe cash shortage. For this reason, it is requesting a $500,000 long-term loan from Gulfport State Bank, $100,000 of which will be used to bolster the Cash account and $400,000 of which will be used to modernize equipment. The company's financial statements for the two most recent...
Paul Sabin organized Sabin Electronics 10 years ago to produce and se several electronic devices on which he had secured patents. Although the company has been fairly profitable. It is now experiencing a severe cash shortage. For this reason, it is requesting a $500.000 long-term loan from Gulfport State Bank $150.000 of which w e used to bolster the Cash account and $450,000 of which will be used to modernize equipment. The company's financial statements for the two most recent...
Paul Sabin organized Sabin Electronics 10 years ago to produce and sell several electronic devices on which he had secured patents. Although the company has been fairly profitable, it is now experiencing a severe cash shortage. For this reason, it is requesting a $590,000 long-term loan from Gulfport State Bank, $145,000 of which will be used to bolster the Cash account and $445,000 of which will be used to modernize equipment. The company's financial statements for the two most recent...
Paul Sabin organized Sabin Electronics 10 years ago to produce and sell several electronic devices on which he had secured patents. Although the company has been fairly profitable, it is now experiencing a severe cash shortage. For this reason, it is requesting a $700,000 long-term loan from Gulfport State Bank, $200,000 of which will be used to bolster the Cash account and $500,000 of which will be used to modernize equipment. The company's financial statements for the two most recent...
Paul Sabin organized Sabin Electronics 10 years ago to produce and sell several electronic devices on which he had secured patents. Although the company has been fairly profitable, it is now experiencing a severe cash shortage. For this reason, it is requesting a S670,000 long-term loan from Gulfport State Bank, $185,000 of which will be used to bolster the Cash account and $485,000 of which will be used to modernize equipment. The company's financial statements for the two most recent...