nstucions December 31, Year 3 December 31, Year 2 December 31, Year 1 2 Current

Question

nstucions December 31, Year 3 December 31, Year 2 December 31, Year 1 2 Current assets: 3 Cash 4 Short-term investments s Accounts receivable 374854.00 $1,118508.00$728,272.00 0.00 596 940.001200461,383.00 80103600659,541.006332620 290,568.00 $2,247,04700 $2487334.00 $2113,485.00 97131.00 0.00 Inventories 7 Other current assets s Total current assets 9 Current Liabilities 10 Accounts payable 11 Other current liabilities 12 Total liabilities 377086.00 231,373.00 $441,97700 946,508.00 1,029133.00 1,935,64700 $1,408,022.00 $1,471,110.00 482,017.00 $461,514.00 1,453,630.00

Explanation / Answer

Formulas Net working capital = Current Assets -Current Liabilities Current Ratio = Current Assets/Current Liabilities Quick Ratio = (Current Assets- Inventories)/Current Liabilities December 31, Year 3 December 31, Year 2 December 31, Year 1 Current Assets: Cash     3,74,854.00    11,18,508.00      7,28,272.00 Short-term Investments         97,131.00 -   -   Accounts receivable     5,96,940.00      4,77,912.00      4,61,383.00 Inventories     8,01,036.00      6,59,541.00      6,33,262.00 Other Current assets     3,77,086.00      2,31,373.00      2,90,568.00 Total Current Assets 22,47,047.00    24,87,334.00    21,13,485.00 Current Liabilities: Accounts Payable     4,82,017.00      4,61,514.00      4,41,977.00 Other current liabilities 14,53,630.00      9,46,508.00    10,29,133.00 Total Liabilities 19,35,647.00    14,08,022.00    14,71,110.00 Net working Capital (In thousands)               311.40            1,079.31 642.38 Current ratio 1.2 1.8 1.4 Quick Ratio 0.7 1.3 1.0

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