Karen’s Diner has provided the following financial information: cash and marketable securities = $250,000, accounts receivable = $1,350,000, inventory = $2,770,000, accrued wages and taxes =$455,000, accounts payable = $911,000, and notes payable = $550,000. Find the net working capital( round your answer to the nearest dollar amount.)
Karen’s Diner has provided the following financial information: cash and marketable securities = $250,000, accounts receivable = $1,350,000, inventory = $2,770,000, accrued wages and taxes =$455,000, accounts payable = $911,000, and notes payable = $550,000. Find the net working capital( round your answer to the nearest dollar amount.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Karen’s Diner has provided the following financial information: cash
and marketable securities = $250,000, accounts receivable =
$1,350,000, inventory = $2,770,000, accrued wages and taxes
=$455,000, accounts payable = $911,000, and notes payable =
$550,000.
Find the net working capital( round your answer to the nearest dollar amount.)
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