Problem
|
Accounts
|
2021
|
2022
|
|
Cash
|
$45.00
|
$50.00
|
|
A/R
|
$117.00
|
$274.00
|
|
Inventory
|
$391.00
|
$202.00
|
|
Total
|
$553.00
|
$526.00
|
|
Net Fixed Assets
|
$1,000.00
|
$1,200.00
|
|
Total Assets
|
$1,553.00
|
$1,726.00
|
|
Accounts
|
2021
|
2022
|
|
Accounts Payable
|
$119.00
|
$296.00
|
|
Notes Payable
|
$150.00
|
$125.00
|
|
Total
|
$269.00
|
$421.00
|
|
Long-Term Debt
|
$500.00
|
$750.00
|
|
Common Stock
|
$400.00
|
$400.00
|
|
Retained Earnings
|
$384.00
|
$155.00
|
|
Total Liabilities
|
$1,553.00
|
$1,726.00
|
|
Accounts
|
2021
|
2022
|
|
Sales
|
|
$2,442.00
|
|
Cost of Goods Sold
|
|
$1,953.60
|
|
Depreciation
|
|
$200.00
|
|
EBIT
|
|
$288.40
|
|
Interest
|
|
$40.00
|
|
Taxes
|
|
$115.36
|
|
Net Income
|
|
$133.04
|
Task
A. What is the Inventory Turnover?
B. What is the AR Turnover?
C. What is the AP Turnover?
D. What is the Inventory Period?
E. What is the AR Period?
F. How long is the Operating Cycle?
G. How long is the Cash Cycle?
H. What is Net Working Capital for 2022?