Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ABC CO had cash and marketable securities worth $1,267,136 accounts payables worth $4,169,164, inventory of $2,098,815, accounts receivables of $2,136,477, short-term notes payable worth $719,233,

ABC CO had cash and marketable securities worth $1,267,136 accounts payables worth $4,169,164, inventory of $2,098,815, accounts receivables of $2,136,477, short-term notes payable worth $719,233, and other current assets of $80,910. What is the company's net working capital? Rearrange:

Cash & marketable securities AP
Inventory short-term notes payable
AR
other current assets
Answer....
NET WORKING CAPITAL

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Corporate Financial Management

Authors: Julian Ralph Franks, Harry H. Scholefield

2nd Edition

0566020548, 978-0566020544

More Books

Students also viewed these Finance questions

Question

=+3. What are the components of a social media communication audit?

Answered: 1 week ago