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Shown below are account balances for Electra Engines Inc., a manufacturer. The accounts are shown in a random order. What is the amount of net
Shown below are account balances for Electra Engines Inc., a manufacturer. The accounts are shown in a random order.
What is the amount of net working capital?
Account Balance | |
---|---|
Property, Plant & Equipment | $ 500,000 |
Accounts Payable | $ 6,000 |
Intangible Assets | $ 5,000 |
Cash | $ 10,000 |
Marketable Securities (maturing in 6 months or less) | $ 30,000 |
Retained Earnings | $ 25,000 |
Interest Payable | $ 2,000 |
Notes Payable (due in 24 months) | $ 10,000 |
Accounts Receivable | $ 20,000 |
Notes Payable (due in 6 months) | $ 20,000 |
Common Stock | $ 45,000 |
Dividends Payable | $ 3,000 |
Inventory | $ 50,000 |
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