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4. You are evaluating the balance sheet for Ida Corp. From the balance sheet you find the following balances: - Cash and marketable securities =$420,000,
4. You are evaluating the balance sheet for Ida Corp. From the balance sheet you find the following balances: - Cash and marketable securities =$420,000, - Accounts Receivable =$800,000, - Inventory =$1,200,000, - Accrued Taxes =$240,000, - Accounts Payable =$1.050,000 - Notes Payable =$370,000 - Net Profit After Tax =$250,000 - Owner's Equity =$2.000.000 a) What is the amount of Ida's Net Working Capital? b) What can you say about the level of net working capital? (20p)
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