Question

The following is partial information of one company's Balance Sheet. Using the given information, provide your...

The following is partial information of one company's Balance Sheet. Using the given information, provide your answer as requested.
Assets:
Cash $15,000
Acct. Receivable $15,000
Inventory $10,000
Prepaid Expenses $10,000
FF&E, net $100,000
Liabilities
Acct. Payable $11,000
Accrued Expenses $29,000
Notes Payable $60,000
30. Determine the amount of the Net Working Capital. Provide only numbers for your answer with two decimal points. Do not put "," or "%" or "$" in your answer. If your answer is 80%, put 80.00 for your answer. Provide 40000.00 if your answer is $40,000.
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Homework Answers

Answer #2

Net Working Capital = Total Current Assets - Total current liabilities.

First we will calculate Total Current Assests Then,

Total Current Assets
Cash 15000
Account Recievable 15000
Inventory 10000
Prepaid expense 10000
FF & E 100000
Total 150000

Then, We will Calculate Total Current Liabilities,

Total Current Liabilities
Account Payable 11000
Accrued Expense 29000
Notes Payable 60000
Total 100000

Put all the figures in above formula. Then

Net Working Capital = 150000 - 100000

Net Working Capital = 50000

If you have any query related to above answer, Then you can ask me in a comment.

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answered by: anonymous
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