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.

Question

Quizplus · Accepted Answer

Net working capital = Current assets - Current liabilitiesCurrent assets = Cash + Accounts receivable + Inventory = $110 + $410 + $350 = $870Current liabilities = Accounts payable + Short-term debt = $60 + $375 = $435Net working capital = $870 - $435 = $435

Given the Following Statement of ﬁNancial Position Data, Calculate Net