WA 4.xlsx - a b Current Assets Amount Cash $ 3,500 Accounts...

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a.) Current Assets Amount Cash $ 3,500 Accounts Receivable $ 15,000 Inventory $ 17,500 Money Market $ 12,300 Total Current Assets $ 48,300 Current Liabilities Amount Accounts Payable $ 10,200 Sales tax-Phoenix $ 750 Sales tax AZ Dept $ 3,450 Wage Payable $ 5,350 Tax Payable (Federal) $ 2,570 Total Current Liabilities $ 22,320 b.) Gross Working Capital= $ 48,300 c.) Net Working Capital= Current Assets - Current Liabilities Net Working Capital= $ 25,980 d.) Current Ratio= Current Assets / Current Liabilities Current Ratio= 2.16
Total payment to be made 50000 Interest rate 5% Daily Interest = Interest Days 10 Days Interest = 68
a.) Account receivable turnover ratio = Net Credit Sales / Average Accounts Receivable

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