A firm has $784 in inventory. $1,540 in fixed assets, $564 in accounts receivable, $328 in...

Question

Question

business accounting

Answer 1

Answer #1

Particulars	Amount (in $ )
Cash	$ 183
Accounts receivable	$ 564
Inventory	$ 784
Total Current Assets	$ 1,531

Net working capital = Total Current Assets (-) Total Current liabilities

Total Current liabilities = Total Current Assets (-) Net working capital = $ 1,531 (-) $ 328	$ 1,203

Option (D) is Correct

Answer 2

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