Question
Working capital: Winston Electronics reported the following information at its annual meetings. The company had cash and marketable securities worth $1,235,560, accounts payables worth $4,159,900,
Working capital: Winston Electronics reported the following information at its annual meetings. The company had cash and marketable securities worth $1,235,560, accounts payables worth $4,159,900, inventory of $7,122,840, accounts receivables of $3,488,390, notes payable worth $1,152,510, and other current assets of $121,731. What is the company's net working capital?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
