Given the following statement of financial position data, calculate net working capital: cash = $110, accounts...
Given the following statement of financial position data, calculate net working capital: cash = $110, accounts receivable = $410, inventory = $350, net fixed assets = $1,000, accounts payable = $60, short-term debt = $375, and long-term debt = $510.
Homework Answers
Net Working Capital = Current Assets - Current Liabilities
= [Cash + Accounts Receivable + Inventory] - [Accounts Payable + Short-Term Debt]
= [$110 + $410 + $350] - [$60 + $375] = $870 - $435 = $435
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Statement of Financial Position as of December 31,
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Cash & equivalents
$
104,500
Accounts payable
$
86,500
Accounts receivable
105,500
Short-term bank note
191,000
Inventories
356,500
Accruals
97,500
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566,500
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$
375,000
Long-term debt
258,000
Net fixed assets
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Common equity
539,000
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1,172,000
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1,172,000
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