Question
Working capital : Winston Electronics reported the following information at its annual meetings. The company had cash and marketable securities worth $1,236,537, accounts payables worth
Working capital: Winston Electronics reported the following information at its annual meetings. The company had cash and marketable securities worth $1,236,537, accounts payables worth $4,160,759, inventory of $7,121,619, accounts receivables of $3,489,462, notes payable worth $1,151,990, and other current assets of $122,691. What is the company's net working capital?
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
17th Edition
1260247783, 978-1260247787
