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The working cappital is 175,000 Current liabilities is 160,000 Net working capital is 15,000 temporary current asset is 87,500 How to answer d 17-4. Capt.
The working cappital is 175,000
17-4. Capt. Louis Renault's Hikewell Outdoor Equipment Company has the following balance sheet accounts as of the end of last year. One-half current assets are permanent and one- half are temporary. Cash $ 30,000 Accounts Payable $ 100,000 Accounts Receivable 15,000 Notes Payable 60,000 Inventory 130,000 Long-Term Debt 90,000 Fixed Assets 500,000 Common Equity 425,000 $ 675,000 $ 675,000 a. What is the amount of the company's current assets, its working capital? b. What is the amount of the company's current liabilities? c. What is the amount of the company's net working capital? d. What percentage of temporary current assets is financed by current liabilities? Would you consider this an aggressive approach or a conservative approach Current liabilities is 160,000
Net working capital is 15,000
temporary current asset is 87,500
How to answer "d"
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