Dandee Lions, Inc. has a cash balance of $111,000, accounts payable of $226,000, inventory of $209,000,...
Dandee Lions, Inc. has a cash balance of $111,000, accounts
payable of $226,000, inventory of $209,000, accounts receivable of
$325,000, notes payable of $71,000, and accrued wages and taxes of
$78,000.
How much net working capital does the firm need to fund?
Homework Answers
Net Working capital = Current Assets - Current Liabilities
= Cash + Inventory + Accounts Receivables - Accounts Payable - Notes payable - Accrued wages and taxes
= 111,000+209,000+325,000 - 226000-71000-78000
= $270,000
Hence, net working capital required to be fund = $270,000
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