Question
Elle Mae Industries has a cash balance of $56,000, accounts payable of $180,000; inventory of $220,000; accounts receivable of $280,000; notes payable of $216,000; and
Elle Mae Industries has a cash balance of $56,000, accounts payable of $180,000; inventory of $220,000; accounts receivable of $280,000; notes payable of $216,000; and accrued wages and taxes of $46,000. How much net working capital does the firm need to fund?
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Auditing And Assurance Services A Systematic Approach
Authors: William F. Messier, Steven M. Glover, Douglas F. Prawitt
4th Edition
0071117474, 9780071117470
