Question

Please help me! I keep getting different answers when I do everything, so I must be doing something wrong...
Sales Operating Costs Depreciation Expense Interest Expense Tax Expense 524257 374554 10000 5000 29408 1000 Cash 30000 62425 50000 Receivables Inventories Fixed Assets, Net Payables Accrued Expenses Long-Term Loan Common Equity 11000 10000 50000 72425

Answer 1

	Income Statement
	Particulars	Amount $
	Sales	524,257
	Expenses
	Operating cost	374,554
	Depreciation expenses	10,000
	Interest expenses	5,000
	Tax expenses	29,408
	Total Expenses	418,962
	Net Income for the current year	105,295
	Balance sheet
	Liabilities	$	Assets	$
	Common equity	72,425	Fixed asset, net	50,000
	Long term loan	50,000	Inventories	62,425
	Payable	11,000	Accounts receivable	30,000
	Accrued expenses	10,000	Cash	1,000
	Total	143,425	Total	143,425	-
	1	Current ratio
		Current ratio=	Current asset
			Current liabilities
		Current ratio=	93,425
			21,000
		Current ratio=	4.45
		Current assets
		Cash	1,000
		Receivable net of allowances	30,000
		Inventories	62,425
		Total Current asset	93,425
		Current liabilities
		Payable	11,000
		Accrued expenses	10,000
		Total Current liabilities	21,000
	2	Quick ratio
		Quick ratio=	Current asset- inventories
			Current liabilities
		Quick ratio=	93,425-62,425
			21,000
		Quick ratio=	31,000
			21,000
		Quick ratio=	1.48
	3	NWC to total asset
		NWC to total asset=	Net working capital
			Total assets
		NWC to total asset=	72,425
			143,425	Refer the balance sheet total for the same
		NWC to total asset=	0.50
		Working capital
		Working capital=Current asset- current liabilities
		Working capital=	93,425-21,000
		Working capital=	72,425
	4	Ratio of total debt and total liabilities to total asset
		=	Total debt and total liabilities
			Total assets
		=	71,000
			143,425
		Ratio of total debt and total liabilities to total asset	0.50
		Total debt and total liabilities	Amount $
		Long term loan	50,000
		Payable	11,000
		Accrued expenses	10,000
		Total	71,000