Question
The following information is available for the Oil Creek Corporation. Accounts Receivable $19,000 Sales $195,000 Current assets 37500 Total assets $147,000 Long term debt $48,000
The following information is available for the Oil Creek Corporation.
Accounts Receivable $19,000
Sales $195,000
Current assets 37500
Total assets $147,000
Long term debt $48,000
Current liabilities 42237
Profit margin 6%
Number of shares outstanding 15,000
Current stock price per share $14.43
What is the net working capital?
Round your answer to 2 decimal places.
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
16th edition
125927716X, 978-1259687969, 1259687961, 978-1259277160
