Uptown Men's Wear has accounts payable of $2,214, inventory of $7,950, cash of $1,263, fixed assets...
Uptown Men's Wear has accounts payable of $2,214, inventory of $7,950, cash of $1,263, fixed assets of $8,400, accounts receivable of $3,907, and long-term debt of $4,200. What is the value of the net working capital to total assets ratio?
A) .31
B) .47
C) .42
D) .51
E) .56
Homework Answers
D) .51
Net working capital = Current assets - Current liabilities
Net working capital = ($7,950 + $1,263 + $3,907) - $2,214
Net working capital = $10,906
Total assets = $7,950 + $1,263 + $3,907 + $8,400 = $21,520
Net working capital to total assets ratio = $10,906 / $21,520
Net working capital to total assets ratio = 0.51
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