A balance sheet has total assets of $1,474, fixed assets of $1,031, long-term debt of $549, and short-term debt of $156. What is the net working capital?
Solution:
Total assets = Current assets + fixed assets
$1474= Current assets + $1031
Current assets = $1474 - $1031
Current assets = $443
Net working capital = Current assets - Current liabilities
Net working capital = $443 - $156= $287
A balance sheet has total assets of $1,474, fixed assets of $1,031, long-term debt of $549,...
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