Use the below information to answer the following question. Income Statement For

Question

Use the below information to answer the following question. Income Statement For the Year Net sales $631,000 COGS 442,220 Depreciation 28,100 EBIT $160,700 Interest 14,900 Taxable income $145,800 Taxes 49,600 Net income $96,200 Balance Sheet Beginning of Year End of Year Cash $ 38,200 $43,700 Accounts receivable 91,400 86,150 Inventory 203,900 214,600 Net fixed assets 516,100 537,950 Total assets $849,600 $882,400 Accounts payable $136,100 $104,300 Long-term debt 329,500 298,200 Common stock ($1 par value) 75,000 82,000 Retained earnings 309,000 397,900 Total Liab. & Equity $849,600 $882,400 What is the net working capital to total assets ratio at year-end? 36.82 percent 24.18 percent 27.22 percent 37.79 percent 2.90 percent

Explanation / Answer

(net working capital)/total assets

=(current assets-current liabilities)/total assets

=((86150+214600+43700)-104300)/882400

=27.22 percent

the above is answer..

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