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You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $710,000,
You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $710,000, accounts receivable = $1,900,000, inventory = $1,600,000, accrued wages and taxes = $660,000, accounts payable = $960,000, and notes payable = $760,000.
Calculate Goodman Bees' net working capital. (Enter your answer in dollars not in millions. Round your answer to the nearest dollar amount.)
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