Investigation of the Peoples Gas Light Coke Company for the Chicago Council Co
Investigation of the Peoples Gas Light Coke Company for the Chicago Council Co
William John Hagenah
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43 1, 521, 618. 04 297, 669. 41 July. August September. October . . . November . December . , 300, 020. 29 1, 448, 670. 32 290, 038. 86 , 235, 679. 30 1, 460, 753. 06 297, 371. 79 , 219, 047. 51 1, 620, 872. 88 277, 316. 07 , 183, 797. 54 1, 761, 298. 46 281, 126. 80 , 156, 609. 23 1, 743, 654. 28 272, 229. 69 , 140, 011. 03 1, 734, 090. 46 272, 811. 79 The best information as to what constitutes a reasonable allowance for working capital is supplied by the balance sheets showing the current as...sets and the current liabilities. In examining these statements it must be borne in mind that during the last three years the company has been engaged in very extensive construction work and has sold additional securities which shows in the material increase in the cash on hand. So much of the balance sheets as is material to the determination of the working capital is shown in the tabulation below for the last five years: Current Assets: Cash $1, 322, 664 $ 987, 965 $3 207 644 $3 546 428 $4 819 934 Accounts receivable.
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