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ou are evaluating the balance sheet for Goodman Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $600,000,
ou are evaluating the balance sheet for Goodman Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $600,000, accounts receivable = $1,200,000, inventory = $1,700,000, accrued wages and taxes = $530,000, accounts payable = $830,000, and notes payable = $630,000. Calculate Goodman Bees' net working capital. (Enter your answer in dollars not in millions. Round your answer to the nearest dollar amount.)
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