Question
Confused on this one. Would appreciate any help. Thx! The following information relates to Lobo Corporation: Cash$20,000 Accounts receivable$50,000 Marketable securities$65,000 Notes payable$10,000 Accrued wages$5,000
Confused on this one. Would appreciate any help. Thx!
The following information relates to Lobo Corporation:
Cash$20,000
Accounts receivable$50,000
Marketable securities$65,000
Notes payable$10,000
Accrued wages$5,000
Based on this information, the net working capital of the company is:
$135,000.
$70,000.
$55,000.
$120,000.
$150,000.
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Financial Management Concepts and Applications
Authors: Stephen Foerster
1st edition
013293664X, 978-0132936644
