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1. Consider a firm with $555 in Cash, $2,613 in Accounts Receivable, $5,765 in Inventory, $7,545 in Property, Plant and Equipment. Calculate the Current Assets
1. Consider a firm with $555 in Cash, $2,613 in Accounts Receivable, $5,765 in Inventory, $7,545 in Property, Plant and Equipment. Calculate the Current Assets of the firm (be careful about what is included in Current Assets) 2. The same firm has $474 in Accurals, $567 in Accounts Payable, $1,242 in Notes Payable, $8,717 in Long term Debt and $3,268 in Retained Earnings. Calculate the Current Liabilities of the firm (be careful about what is included in Current Liabilities) 3. Now that you have Current Assets and Current Liabilites, use the formula from Section 3-2A to find Net Working Capital o Net Working Capital = Current Assets - Current Liabilities o Include your asnwer in dollars with no decimal example (55040 or 5040 are both acceptable notation)
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