1. Consider a firm with $552 in Cash, $1,384 in Accounts Receivable, $5,622 in Inventory, $8,315 in Property, Plant and Equipment. Calculate the Current Assets of the firm
   • (be careful about what is included in Current Assets)
2. The same firm has $181 in Accurals, $646 in Accounts Payable, $8,476 in Long term Debt and $3,618 in Retained Earnings. Calculate the Current Liabilities of the firm excluding notes payable
   • (be careful about what is included in Current Liabilities)
   • What if you were given that current liabilities were $1,403 and notes payable were $294, can you find current liabilities excluding notes payable in this case?
3. Now that you have Current Assets and Current Liabilites without notes payable, use the formula from Section 3-2A to find Net Operating Working Capital
   • Net Working Capital = Current Assets - (Current Liabilities - Notes)
   • Net Working Capital = Current Assets - (Accruals + Accounts Payable)
   • Include your asnwer in dollars with no decimal example ($5040 or 5040 are both acceptable notation)