Question

MC Qu. 115 Jones Corp. reported current...

Jones Corp. reported current assets of $200,000 and current liabilities of $140,500 on its most recent balance sheet. The working capital is:

Multiple Choice

70%.

142%.

$59,500.

($59,500).

42%.

MC Qu. 132 Martinez Corporation reported Net...

Martinez Corporation reported Net sales of $782,000 and Net income of $125,000. The Profit margin is:

Multiple Choice

1.60%.

15.98%.

6.26%.

84.02%.

626.0%.

Answer 1

MC Qu. 115
The Working Capital is			$ 59,500
Working:
Working Capital		=	Current Assets - Current Liabilities
		=	$       2,00,000	-	$       1,40,500
		=	$           59,500
MC Qu. 132
Profit Margin is		15.98%
Working:
Profit Margin		=	Net Income/Net Sales
		=	$       1,25,000	/	$       7,82,000
		=	15.98%