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Balance Sheet You are evaluating the balance sheet for Campus Corporation. From the balance sheet you...

Balance Sheet You are evaluating the balance sheet for Campus Corporation. From the balance sheet you find the following balances: Cash and marketable securities = $392,000, Accounts receivable = $192,000, Inventory = $92,000, Accrued wages and taxes = $11,700, Accounts payable = $317,000, and Notes payable = $617,000. What is Campus's net working capital?

Multiple Choice

  • $945,700

  • $1,621,700

  • –$269,700

  • $676,000

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Homework Answers

Answer #2

Answer is -$269,700

Current assets = Cash and marketable securities + Accounts receivable + Inventory
Current assets = $392,000 + $192,000 + $92,000
Current assets = $676,000

Current liabilities = Accrued wages and taxes + Accounts payable + Notes payable
Current liabilities = $11,700 + $317,000 + $617,000
Current liabilities = $945,700

Net working capital = Current assets - Current liabilities
Net working capital = $676,000 - $945,700
Net working capital = -$269,700

answered by: anonymous
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