Question

You are evaluating the balance sheet for Goodman’s Bees Corporation.
From the balance sheet you find the following balances: cash and marketable securities = $400,000, accounts receivable = $1,200,000, inventory = $2,100,000, accrued wages and taxes = $500,000, accounts payable = $800,000, and notes payable = $600,000. Calculate Goodman Bees’ net working capital.



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  • CreatedSeptember 23, 2014
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