Calculate the NWC to total assets ratio for each year. ( Do not round intermedia

Question

Calculate the NWC to total assets ratio for each year. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

     

  

  

Based on the balance sheets given for Just Dew It:

Calculate the NWC to total assets ratio for each year. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

     

2014 2015   NWC ratio % % Just Dew It Corporation reports the following balance sheet information for 2014 and 2015.

Explanation / Answer

Current Assets: 2014 2015 Cash                          11,000.00               14,250.00 Accounts recivable                          27,000.00               36,750.00 Inventory                          75,000.00               96,250.00 Current Assets                       113,000.00             147,250.00 Current Liabilities: 2014 2015 Accounts Payble                          54,000.00               63,750.00 Notes Payable                          14,800.00               20,500.00 Current Liabilities                          68,800.00               84,250.00 Net Working Capital = Current Assets - Current Liabilities 113,000 - 68,800 147,250 - 84,250 Net Working Capital = Current Assets - Current Liabilities                       44,200.000             63,000.000 Total Assets                       400,000.00             500,000.00 NWC to total assets ratio = NWC/Total Assets                                  0.111                        0.126

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.