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1. Consider a firm with $971 in Cash, $1,640 in Accounts Receivable, $4,622 in Inventory, $8,784 in Property, Plant and Equipment. Calculate the Current Assets

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1. Consider a firm with $971 in Cash, $1,640 in Accounts Receivable, $4,622 in Inventory, $8,784 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 $125 in Accurals, $713 in Accounts Payable, $2,139 in Notes Payable, $9,212 in Long term Debt and $4,667 in Retained Earnings. Calculate the Current Liabilities of the firm o (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 Include your asnwer in dollars with no decimal example ($5040 or 5040 are both acceptable notation)

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