Question

WileyPLUS: HywileyLUS I Hea I Centact U US LesOt Parrino, Essentials of Corporate Finance, le CORPORATE FINANCE (MBA633-001) HESSAGE HY INSTRUCTOR STANDARD VIEW PRINTER VERSON BACK NEXT Question 2 XYour answer is incorrect. Try again. Laurel Electronics reported the following information at its annual meeting: The company had cash and marketable securities worth $1,235,455, accounts payables worth $4,159,357, inventory of $7,136,200, accounts recelvables of $3,450,200, short-term notes payable worth $1,146,500, and other current assets of $121,455. What is the company's net working capital? Net working capital Question Attempts: 2 of 3 used SAVE FOR ATER SUBHIT ANSSWER MacBook

Answer 1

Cash & Marketable securities = 1235 455 Account Payable = 4159357 Inventory = 7136200 Account Receivable = 3450 200 short term notes Payable (STNP)= 1146500 other current asset = 121455 Account Total current asset = Cash & marketable securities + Receivable t Receivable + Inventory + other current o asset 1 235 455 + 3450 200 + 7136200 + 1214 55 = $11943310 Total current liability - Account Payable & STMP = 4159357 + 1146500 = 5305857 capital = working let Total current – Total current asset liability 11943310 - 5305857 $ 663 7 4 53 Answer = =