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1. Consider a firm with $835 in Cash, $2,253 in Accounts Receivable, $5,138 in Inventory, $7,947 in Property, plant and Equipment. Calculate the Current Assets

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1. Consider a firm with $835 in Cash, $2,253 in Accounts Receivable, $5,138 in Inventory, $7,947 in Property, plant and Equipment. Calculate the Current Assets of the firm o (be careful about what is included in Current Assets) 2. The same firm has $120 in Accurals, $770 in Accounts Payable, $7,029 in Long term Debt and $1,444 in Retained Earnings. Calculate the Current Liabilities of the firm excluding notes payable (be careful about what is included in Current Liabilities) o What if you were given that current liabilities were $1,365 and notes payable were $686, can you find current liabilities excluding notes payable in this case? 3. Now that you have Current Assets and Current Liabilites without notes payable, use the formula from Section 3-2A to find Net Operating Working Capital Net Working Capital = Current Assets - (Current Liabilities - Notes) Net Working Capital Current Assets - (Accruals + Accounts Payable) . Include your asnwer in dollars with no decimal example ($5040 or 5040 are both acceptable notation)

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