The following data can be found on Stevenson Inc.'s balance sheet: Cash of $300,000; marketable securities of

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The following data can be found on Stevenson Inc.'s balance sheet: Cash of $300,000; marketable securities of $120,000; accounts receivable of $1,000,000; inventory of $750,000; net plant and equipment of $900,000; and total current liabilities of $960,000. Calculate Jorgonson Inc.'s net working capital.
$2,110,000
$1,210,000
$460,000
$640,000
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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