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Semmy [17]
3 years ago
9

Uptown Men's Wear has accounts payable of $2,214, inventory of $7,950, cash of $1,263, fixed assets of $8,400, accounts receivab

le of $3,907, and long-term debt of $4,200. What is the value of the net working capital to total assets ratio?
Business
1 answer:
Jlenok [28]3 years ago
6 0

Answer:

The value of the net working capital to total assets ratio is 0.5067≅0.51

Explanation:

Given Data:

Accounts payable =$2,214

Inventory= $7,950

Cash=$1,263

Fixed Asset=$8,400

Accounts receivable=$3,907

Long-term debt=$4,200

Required:

The value of the net working capital to total assets ratio=?

Solution:

Net working Capital=Inventory+Cash+Accounts receivable-Accounts payable

Net working Capital= $7,950+$1,263+$3,907-$2,214

Net working Capital= $10,906.

Total assets=Inventory+Cash+Accounts receivable+ Fixed assets

Total assets= $7,950+$1,263+$3,907+$8,400

Total assets=$21,520

Ratio=\frac{Net\ working\ Capital}{Total\ assets}

Ratio=\frac{\$10,906}{\$21,520} \\Ratio=0.5067

The value of the net working capital to total assets ratio is 0.5067≅0.51.

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