Please explain the process to solve. Balance Sheet You are evaluating the balance sheet for Cypress Corporation.
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Please explain the process to solve.
Balance SheetYou are evaluating the balance sheet for Cypress Corporation. From the balance sheet you find the following balances: Cash and marketable securities = $500,000, Accounts receivable = $700,000, Inventory = $400,000, Accrued wages and taxes = $40,000, Accounts payable = $100,000, and Notes payable = $900,000. What is Cypress's net working capital?
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