You are analyzing the balance sheet for Bed, Bath and Beyond, a retail firm that sells home furnishings, from February 26, 1995 (in millions).
| Assets Don't use plagiarized sources. Get Your Custom Essay on estimate non cash working capital as a percent of revenues if you were asked to esti 546271 For $10/Page 0nly | Liabilities | ||
| Cash | $6.50 | Accounts Payable | $27.50 |
| Receivables | $0.00 | Other Current Liabilities | $18.60 |
| Inventory | $108.40 | ||
| Current Assets | $118.00 | Current Liabilities | $46.10 |
| Fixed Assets | $53.80 | Long Term Debt | $16.80 |
| Total Assets | $171.80 | Equity | $108.90 |
| Total Liabilities | $171.80 | ||
The firm had revenues of $440.3 million in 1994 and cost of goods sold of $249.2 million.
a. Estimate the net working capital
b. Estimate the non-cash working capital.
c. Estimate non-cash working capital as a percent of revenues. If you were asked to estimate the non-cash working capital needs for a new store for Bed, Bath and Beyond, would you use this ratio? Why or why not?
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