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Wu Systems has the following balance sheet. Assume that all current assets are used in operations. How much net operating working capital does the firm
Wu Systems has the following balance sheet. Assume that all current assets are used in operations. How much net operating working capital does the firm have?
Cash | $ 100 | Accounts payable | $ 200 | |
Accounts receivable | 650 | Accruals | 130 | |
Inventory | 550 | Notes payable | 570 | |
Current assets | $ 1,300 | Total current liabilities | $ 900 | |
Net fixed assets | $ 1,000 | Long-term bonds | 60 0 | |
Total liabilities | $ 1,500 | |||
Common stock | 300 | |||
Retained earnings | 500 | |||
Common equity | $ 800 | |||
Total assets | $ 2,300 | Total liab. & equity | $ 2,300 |
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