Balance Sheet You are evaluating the balance sheet for Campus Corporation. From the balance sheet you find the following balances: Cash and marketable securities = $397,000, Accounts receivable = $197,000, Inventory = $97,000, Accrued wages and taxes = $11,200, Accounts payable $312,000, and Notes payable $612,000. What is Campus's net working capital? =

Principles of Accounting Volume 1
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Author:OpenStax
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Chapter16: Statement Of Cash Flows
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Balance Sheet You are evaluating
the balance sheet for Campus
Corporation. From the balance
sheet you find the following
balances: Cash and marketable
securities = $397,000, Accounts
receivable = $197,000, Inventory =
$97,000, Accrued wages and
taxes = $11,200, Accounts payable
$312,000, and Notes payable
$612,000. What is Campus's net
working capital?
Multiple Choice
A. $1,626,200
B. $691,000
C. $935,200
D. -$244,200
Transcribed Image Text:Balance Sheet You are evaluating the balance sheet for Campus Corporation. From the balance sheet you find the following balances: Cash and marketable securities = $397,000, Accounts receivable = $197,000, Inventory = $97,000, Accrued wages and taxes = $11,200, Accounts payable $312,000, and Notes payable $612,000. What is Campus's net working capital? Multiple Choice A. $1,626,200 B. $691,000 C. $935,200 D. -$244,200
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