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7. Balance Sheet You are evaluating the balance sheet for Cypress Corporation. From the balance sheet you find the following balances: Cash and marketable securities

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7. Balance Sheet You are evaluating the balance sheet for Cypress Corporation. From the balance sheet you find the following balances: Cash and marketable securities = $600,000, Accounts receivable = $800,000, Inventory = $500,000, Accrued wages and taxes = $50,000, Accounts payable = $200,000, and Notes payable = $1,000,000. What is Cypress's net working capital? A. $152,000 Current Assets Current Liabilities B. $650,000 Cash+Market=600,000 Accr Wages =50,000 C. $1,900,000 AR 800,000 AP =200,000 D. $3,150,000 Inventory =500,000 Notes Payable=1,000,000 1,900,000 1,250,000 =650,000

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