working capital

Get your Assignment in a Minimum of 3 hours

Our academic experts are ready and waiting to assist with any writing project you may have. From simple essay plans, through to full dissertations, you can guarantee we have a service perfectly matched to your needs.

Free Inquiry Order A Paper Now Cost Estimate

Shown below are data taken from a recent annual report of, Topaz, Inc. (Dollar amounts in millions.) Beginning End

of Year of Year

Balance sheet data: Current assets……………………………………………………. $ 825 $900 Total assets……………………………………………………….. $1,075 $1,325 Current liabilities……………………………………………….. $475 $375 Total liabilities…………………………………………………… $500 $600 Total stockholders’ equity……………………………………. $575 $725

Income statement data: Net sales…………………………………………………………… $1,900 Gross profit……………………………………………………….. $700 Operating income………………………………………………. $450 Net income……………………………………………………….. $100

. Instructions Compute the following: a Current ratio at beginning of the year(round to nearest tenth) ________ to 1

b Working capital at year-end (in millions) $____________

c Gross profit rate for the year (round to the nearest 1 percent) ______%

d Return on average total assets for the year (round to the nearest 1 percent) ______%

e Return on average total equity for the year (round to the nearest 1 percent) ______%

"Is this question part of your assignment? We Can Help!"

Save your time - order a paper!

Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines

Order Paper Now

"Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!"

Get Started