Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Oscar Co.s year-end figures are cash $335,485 , accounts payable $1,159,357 . Inventory $1,651,599 . accounts recervable $1,488,121 , short torm notes payable $313,663 and

Oscar Co.s year-end figures are cash

$335,485

, accounts payable

$1,159,357

. Inventory

$1,651,599

. accounts recervable

$1,488,121

, short torm notes payable

$313,663

and other ourrent assets

$121,427

. Net Sales

$15,519.000

. Cost of Goods Sold

$12,056.673

. What is the company's net working capital?\

$2123.612

\ 51.801 .784\

$3,596,032

\

$7.673.421
image text in transcribed

Oscar Co.'s year-end figures are cash $335,485, accounts payable $1,159,357, Inventory $1,651,599, accounts receivable $1,488,121, short term notes payable $313,663 and other current assets $121,427, Net Sales $15,519,000. Cost of Goods Sold $12,056,673. What is the company's net working capital? O $2123,612 O $1,801,784 O $3,596,632 O $1,673,421

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_2

Step: 3

blur-text-image_3

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

Accounting

Authors: Carl s. warren, James m. reeve, Philip e. fess

21st Edition

978-0324400205, 324225016, 324188005, 324400209, 9780324225013, 978-0324188004

More Books

Students also viewed these Accounting questions

Question

to find the overall reliability of the whole testing process.

Answered: 1 week ago

Question

=9/Why is the concept of net book value useful?

Answered: 1 week ago