Question

Sandhill Electronics reported the following information at its annual meetings: The company had cash and marketable securities worth $1,235,455, accounts payables worth $4,159,357, inventory of $7,134,300, accounts receivables of $3,454,000, short-term notes payable worth $1,122,400, and other current assets of $121,455. What is the company's net working capital? Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.) Net working capital

Answer 1

Net Working Capital =Net Working Capital Net Working Capital Denominator Numerator Current liabilities Current assets Current year 11945210 5281757 6663453 Current liabilities Current assets Accounts payable Short term note payable Cash and marketable Securities 1235455 4159357 Inventory Accounts receivable 7134300 1122400 3454000 Other current assets 121455 Totalcurrent assets Total current liabilities 11945210 5281757