You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $400,000, accounts receivable = $1,200,000, inventory = $2,100,000, accrued wages and taxes = $500,000, accounts payable $800,000, and notes payable $600,000. Calculate Goodman Bees' net working capital. (Enter your answer In dollars not In mllllons. Round your answer to the nearest dollar amount.) Net working capital

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
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You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash
and marketable securities- $400,000, accounts receivable $1,200,000, inventory = $2,100,000, accrued wages and taxes =
$500,000, accounts payable = $800,000, and notes payable $600,00o.
Calculate Goodman Bees' net working capital. (Enter your answer In dollors not In mlllons. Round your answer to the nearest dollar
amount.)
Net working capital
Ic
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Transcribed Image Text:You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities- $400,000, accounts receivable $1,200,000, inventory = $2,100,000, accrued wages and taxes = $500,000, accounts payable = $800,000, and notes payable $600,00o. Calculate Goodman Bees' net working capital. (Enter your answer In dollors not In mlllons. Round your answer to the nearest dollar amount.) Net working capital Ic < Prev 2 of 10 Next > W 59 F Mos Type here to search DELL
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