JohnBoy Industries has a cash balance of $45,000, accounts payable of $125,000, inventory of $175,000, accounts...
JohnBoy Industries has a cash balance of $45,000, accounts payable of $125,000, inventory of $175,000, accounts receivable of $210,000, notes payable of $120,000, and accrued wages and taxes of $37,000.
How much net working capital does the firm need to fund?
Homework Answers
| Total Current assets | ||||
| Cash | 45000 | |||
| Accounts receivable | 210000 | |||
| Inventory | 175000 | |||
| Total Current assets | 430000 | |||
| Less: Current liabilities | ||||
| Accounts Paayable | 125000 | |||
| Notes Payable | 120000 | |||
| Accrued wages and taxes | 37000 | |||
| Total current liabilities | 282000 | |||
| Working capital requirment | 148000 | |||
| Amount required to fund WC = 148000 | ||||
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