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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
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
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