Question
17. Happy Clowns, Inc., has a cash balance of $445,000, accounts payable of $234,000, inventory of $144,000, accounts receivable of $411,000, notes payable of $124,000,
17. Happy Clowns, Inc., has a cash balance of $445,000, accounts payable of $234,000, inventory of $144,000, accounts receivable of $411,000, notes payable of $124,000, and accrued wages and taxes of $88,000.
How much net working capital does the company need to fund?
A. $387,000
B. $446,000
C. $554,000
D. $614,000
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Exchange Rates and International Finance
Authors: Laurence Copeland
6th edition
273786040, 978-0273786047
