Compute working capital given the following: Some of this you will need and some you will not.

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Cash $75.000

Accounts Payable $13,000

Accounts Receivable $23,000

P,P,&E $300,000

Service Revenue $750,000

Utilities Expense $60,000

Inventory $35,000

Dividends Paid $10,000

Prepaid Insurance $11,000

Supplies $5,000

Salaried Payable $7,000

Net Income $19,000

You must show your work and computations needed to compute working capital.

Related Book For answer-question

Fundamentals Of Corporate Finance

ISBN: 9780135811603

5th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Posted Date: Oct 13, 2023 05:33 AM

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Compute working capital given the following: Some of this you will need and some you will not.

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Working capital is calculated as Working Capital Current As... View the full answer

Fundamentals Of Corporate Finance

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