1. Consider a firm with $971 in Cash, $1,723 in Accounts Receivable, $4,284 in Inventory, $9,314 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 $205 in Accurals, $924 in Accounts Payable, $8,339 in Long term Debt and $3,443 in Retained Earnings. Calculate the Current Liabilities of the firm excluding notes payable o (be careful about what is included in Current Liabilities) o What if you were given that current liabilities were $1,459 and notes payable were $585, 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 o Net Working Capital = Current Assets - (Current Liabilities - Notes) o Net Working Capital = Current Assets - (Accruals + Accounts Payable) Include your asnwer in dollars with no decimal example ($5040 or 5040 are both acceptable notation)