You are examining a company’s balance sheet and find that it has a total assets of $@0,572, a cash balance of $2,208, inventory of $4,913, current liabilities of $5,829 and accounts receivable of $2,727. What is the company’s net working capital? A. $894 B. $1,811 C. $5,807 D. $14,743 E. $4,019

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process
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Problem 9RQSC: Assume that an organization asserts that it has $35 million in net accounts receivable. Describe...
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Q. 6

You are examining a company’s balance sheet and find that it has a total assets of $@0,572, a cash balance of $2,208, inventory of $4,913, current liabilities of $5,829 and accounts receivable of $2,727. What is the company’s net working capital?

A. $894

B. $1,811

C. $5,807

D. $14,743

E. $4,019

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