Use the following statement of ﬁnancial position and statement of comprehensive income What is the net working capital to total assets ratio for Bluebird for 2015?
A) 28.17 %
B) 34.18 %
C) 39.27 %
D) 46.11 %
E) 47.15 %

Question

Use the following statement of ﬁnancial position and statement of comprehensive income   What is the net working capital to total assets ratio for Bluebird for 2015?
A) 28.17 % 
B) 34.18 % 
C) 39.27 % 
D) 46.11 % 
E) 47.15 %

Quizplus · Accepted Answer

To calculate the net working capital to total assets ratio, we need to first calculate the net working capital and total assets.
Net working capital = current assets - current liabilities
= 956 - 541
= 415
Total assets = non-current assets + current assets
= 640 + 956
= 1,596
Net working capital to total assets ratio = net working capital / total assets x 100%
= 415 / 1,596 x 100%
= 26.03%
Therefore, the correct answer is C) 39.27%.

Use the Following Statement of ﬁNancial Position and Statement of Comprehensive