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Homework answers / question archive / Austin Enterprises had Total Current Assets of $2,820,000 in 2018 and $3,396,000 in 2019

Austin Enterprises had Total Current Assets of $2,820,000 in 2018 and $3,396,000 in 2019

Finance

Austin Enterprises had Total Current Assets of $2,820,000 in 2018 and $3,396,000 in 2019. Total Current Liabilities were $2,169,000 in 2018 and $2,376,000 in 2019. Total Assets were $7,477,000 in 2018 and $8,328,000 in 2019.

a) What was the change in net working capital from 2018 to 2019?

b) If the company had Long-Term Debt of $1,950,000; Shareholders Equity of $2,835,000; and Total Assets of $8,328,000. What was the company's ratio of long-term debt to capital?

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