Question
Dandee Lions, Inc. has a cash balance of $96,000, accounts payable of $211,000, inventory of $194,000, accounts receivable of $310,000, notes payable of $56,000, and
Dandee Lions, Inc. has a cash balance of $96,000, accounts payable of $211,000, inventory of $194,000, accounts receivable of $310,000, notes payable of $56,000, and accrued wages and taxes of $70,500.
How much net working capital does the firm need to fund?
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Holt McDougal Larson Geometry
Authors: Ron Larson, Laurie Boswell, Timothy D. Kanold, Lee Stiff
1st Edition
9780547315171
