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Which one of these accounts is included in net working capital?
Operating cash flow is defined as:
During 2015, Rainbow Umbrella Corp. had sales of $ 780,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $ 610,000, $ 85,000, and $ 115,000, respectively. In addition, the company had an interest expense of $ 54,000 and a tax rate of 35 percent.( Ignore any tax loss carryback or carryforward provisions.)
Sankey, Inc., has current assets of $ 5,000, net fixed assets of $ 23,800, current liabilities of $ 4,000, and longterm debt of $ 8,900.( Do not round intermediate calculations.) What is the value of the shareholders ' equity account for this firm?
Net working capital is defined as:
Sankey, Inc., has current assets of $ 6,000, net fixed assets of $ 25,100, current liabilities of $ 4,950, and longterm debt of $ 12,000.( Do not round intermediate calculations.) What is the value of the shareholders ' equity account for this firm?
Shelton, Inc., has sales of $ 407,000, costs of $ 195,000, depreciation expense of $ 60,000, interest expense of $ 41,000, and a tax rate of 30 percent.( Do not round intermediate calculations.) What is the net income for the firm?
During the year, the Senbet Discount Tire Company had gross sales of $ 1.22 million. The firm’ s cost of goods sold and selling expenses were $ 541,000 and $ 231,000, respectively.