Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Intro Below is the balance sheet for Glucose Control Company. Assets Liabilities and Equity Cash 11,000 Accounts payable 17,000 Marketable securities 0 Notes payable 6,000
Intro Below is the balance sheet for Glucose Control Company. Assets Liabilities and Equity Cash 11,000 Accounts payable 17,000 Marketable securities 0 Notes payable 6,000 Accounts receivable 4,000 Total current liabilities 23,000 Inventory 45,000 Long-term debt 95,000 Total current assets 60,000 Total liabilities 118,000 Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings 36,000 Net fixed assets 114,000 Total equity 56,000 Total assets 174,000 Total liab. & equity 174,000 The company does not have any excess cash. | Attempt 2/3 for 10 pts. Part 1 What is the company's net working capital (NWC)? 17,000 Correct NWC = Current assets - Current liabilities = 60,000 - 23,000 = 37,000 Part 2 | Attempt 3/3 for 10 pts. What is the company's net operating working capital (NOWC)? 0+ decimals Previous answers: 43,000; 49,000 Submit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started