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:

Ranges Of Cells

A group of cells in a spreadsheet program, defined by the starting and ending cell references, which can be used in formulas and functions.

Rotated Text

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Date Stamp

A feature that records and displays the date (and sometimes time) when a document or item was created, modified, or accessed, providing a temporal context.

Comparison Operator

A symbol or function in programming and mathematics that evaluates the relationship between two values, indicating if one is greater than, less than, equal to, etc.