Question: From the list below determine how much is the net operating working capital (NOWC): Cash $400 Capital 5,000 Accounts Payable 40 Accounts Receivable 30 Sales

From the list below determine how much is the net operating working capital (NOWC):

Cash

$400

Capital

5,000

Accounts Payable

40

Accounts Receivable

30

Sales

2,000

Tax Payable

120

Salaries Payable

65

Salaries Expense

1,000

Inventory

50

Dividends

44

Select one:

a. $255

b. $181

c. $440

d. $375

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!