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A balance sheet has total assets of $1,474, fixed assets of $1,031, long-term debt of $549,...

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?

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Answer #1

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

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