Question
Bernard Auto has shareholders equity of $121,400. The firm owes a total of $132,000 of which 40% is payable within the next year. The firm
Bernard Auto has shareholders equity of $121,400. The firm owes a total of $132,000 of which 40% is payable within the next year. The firm has net fixed assets of $151,620. what is the amount of the net working capital? can you show the work?
Step by Step Solution
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Step: 1
To calculate the net working capital we use the formula Net Working Capital Curre...
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
