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If you have the following items Revenues 10,000 Salary expense 12,400 Inventory 13,000 Other fixed assets 1,208 Net Property, plant, and equipment 15,000 Common stocks

If you have the following items

Revenues

10,000

Salary expense

12,400

Inventory

13,000

Other fixed assets

1,208

Net Property, plant, and equipment

15,000

Common stocks (equity)

7,178

Prepaid expenses

14,000

Short-term investments

12,000

Accounts payable

8,060

Short-term loans

4,000

Accrued salaries and wages

31,000

Retained earnings

23,000

Cash

11,874

Accounts receivable

12,000

Long-term debt

3,500

Calculate: 1-Total assets

2-Total short term liability

3-Total equity

4-Net working capital

5-Based on your answer in Q 5 what is the meaning of "Net working capital". How can we calculate it? What is the importance of this item? (in 3 lines)

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