Calculate the Amount of Working Capital and the Current Ratio

question 10

Essay

Calculate the amount of working capital and the current ratio for the following companies: $\begin{array}{c}\begin{array}{lll}\\\underline{\text {Company}}\\\text {Smith, Inc.}\\\text {James Trucking}\\\text {Royal Tires, Inc} \end{array}\begin{array}{lll}\text {Current}\\\underline{\text {Assets}}\\ \$ 615,320 \\\$ 59,600 \\\$ 1,622,500 \end{array}\begin{array}{lll}\text {Current}\\\underline{\text {Liabilities}}\\\$ 215,900 \\\$ 22,000 \\\$ 916,200 \\ \end{array}\begin{array}{lll}\text {Working}\\\underline{\text {Capital}}\\\\\\\\ \end{array}\begin{array}{lll}\text {Current}\\\underline{\text {Ratio }}\\\\\\\\\end{array}\end{array}$

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Definitions:

Brain Dysfunction

Involves abnormalities in the structure or function of the brain, leading to various cognitive, emotional, or behavioral issues.

Psychological Functioning

The performance of cognitive, emotional, and behavioral aspects of mental health.

Natural Causes

Death or changes occurring due to the internal processes of the natural world or the body, not influenced by external forces such as accidents or violence.

Bodily Fluids

Liquids within the human body that support its function, such as blood, saliva, and urine.