You are evaluating the balance sheet for Ultra Corporation. From the balance sheet you find the following
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Question:
You are evaluating the balance sheet for Ultra Corporation. From the balance sheet you find the following balances:
cash and marketable securities = $10,000,
accounts receivable = $2,000,
inventory = $20,000,
accrued wages and taxes = $1,000,
accounts payable = $3,000, and
notes payable = $10,000.
Calculate Ultra's net working capital.
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