Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

4. Ali Corp. had cash and marketable securities worth $400,134 accounts payables worth $2,490,357, inventory of $1,321,500, accounts receivables of $2,188,128, short-term notes payable worth

4. Ali Corp. had cash and marketable securities worth $400,134 accounts payables worth $2,490,357, inventory of $1,321,500, accounts receivables of $2,188,128, short-term notes payable worth $120,000, other current liabilities of 200,000, and other current assets of $521,800. What is the Ali company's net working capital? (Show your calculations) (1.5 Marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions