FIN 571 Week 2 Connect Problems Solutions (2017 version) Homework

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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 .