Question
Gustav Corporation's balance sheet shows the following information: - Total current assets of $3225, all of which were required in operations. - Accounts payable of
Gustav Corporation's balance sheet shows the following information:
- Total current assets of $3225, all of which were required in operations.
- Accounts payable of $750
- Short-term notes payable to the bank of $875 at 6%
- Accrued wages and taxes of $1000
What was Gustav's net operating working capital?
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
11th Edition
111856667X, 978-1118566671
