Financial Management
Problem 1: Use the company’s financial data to answer the questions. Vortex IT Company: Balance Sheet as of December 31, 2017 (In Thousands) Cash $77,500 Accounts payable $129,000 Receivables 336,000 Notes payable 84,000 Inventories 241,500 Other current liabilities 117,000 Total current assets 655,000 Total current liabilities 330,000 Net fixed assets