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Financial Analysis and Tax Computation Assignment

This financial analysis assignment covers tax computation and evaluates various financial metrics used in decision-making.

Elijah Nelson
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Financial Analysis and Tax Computation Assignment1Given the following balance sheet details for Jones Incorporated:•Current Liabilities:$6,400•Long-term Debt:$12,500•Net Fixed Assets:$22,500•Current Assets:$8,2001.CalculateShareholders’ Equityas the balancing figure.2.Determine theNet Working Capital (NWC).Shareholder’s equity is the balancing figure in the Balance sheet calculated as belowJones IncorporatedBalance Sheet as on xxxCurrent Liabilities6400Net Fixed Assets22,500Long term debt12500Current Assets8200Shareholders equity11,800Total30700Total30700Hence Shareholder’s equity= $ 11,800Net Working capital= Current Assets-Current Liabilities = 8200-6400 = $1,8002.Given the incomestatement for Tanner Incorporated:•Sales:$863,000•Costs:$407,000

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