Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Intro Below is the balance sheet for Glucose Control Company as of Dec. 31, 2019. Assets Cash 14,000 Marketable securities 2,000 Accounts receivable 3,000 Inventory

image text in transcribed

Intro Below is the balance sheet for Glucose Control Company as of Dec. 31, 2019. Assets Cash 14,000 Marketable securities 2,000 Accounts receivable 3,000 Inventory 44,000 Total current assets 63,000 Machines 34,000 Real estate 80,000 Net fixed assets 114,000 Total assets 177,000 Liabilities and Equity Accounts payable 17,000 Notes payable 6,000 Total current liabilities 23,000 Long-term debt 95,000 Total liabilities 118,000 Paid-in capital 20,000 Retained earnings 39,000 Total equity 59,000 Total liab. & equity 177,000 Half of the cash is not needed for operations. | Attempt 1/3 for 10 pts Part 1 What is the company's net working capital (NWC)? 23,000 Correct NWC = Current assets - Current liabilities = 63,000 - 23,000 = 40,000 Part 2 | Attempt 3/3 for 10 pts What is the company's net operating working capital (NOWC)? + decimals Previous answers: 40,000; 43,000 Submit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management For Public Health And Not For Profit Organizations

Authors: Steven A. Finkler

4th International Edition

0132912813, 9780132912815

More Books

Students also viewed these Finance questions

Question

What has been your desire for leadership in CVS Health?

Answered: 1 week ago

Question

Question 5) Let n = N and Y Answered: 1 week ago

Answered: 1 week ago

Question

Explain the global implications for recruitment.

Answered: 1 week ago

Question

Describe what competencies and competency modeling are.

Answered: 1 week ago

Question

Summarize job design concepts.

Answered: 1 week ago