Question: Need help Table 1 shows a balance sheet for a certain company. All quantities shown are in millions of dollars. What is the company's net
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Table 1 shows a balance sheet for a certain company. All quantities shown are in millions of dollars. What is the company's net working capital (in millions)? Note: Express your answers in strictly numerical terms, and IN million of USDs."
Table 1
| Balance Sheet (in million of USDs) |
|
| |
| Assets |
| Liabilities |
|
| Current Assets | Current Liabilities |
| |
| Cash | 45.0 | Accounts payable | 80.0 |
| Accounts receivable | 71.0 | Notes payable/short-term debt | 15.0 |
| Inventories | 34.0 |
|
|
| Total current assets | 150.0 | Total current liabilities | 95.0 |
|
|
|
| |
| Long-Term Assets | Long-Term Liabilities |
| |
|
|
|
| |
| Net property, plant, and equipment | 160.0 | Long-term debt | 30.0 |
| Total long-term assets | 160.0 | Total long-term liabilities | 90.0 |
|
| Total Liabilities | 185.0 | |
|
| Stockholders' Equity | 125.0 | |
| Total Assets | 310.0 | Total Liabilities & Stockholders' Equity | 310.0 |
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