Question: Problem 1 4 - 1 Net Working Capital Requirements ( LG 1 4 - 2 ) JohnBoy Industries has a cash balance of $ 5

Problem 14-1 Net Working Capital Requirements (LG14-2)
JohnBoy Industries has a cash balance of $50,000, accounts payable of $130,000, inventory of $180,000, accounts receivable of $215,000, notes payable of $125,000, and accrued wages and taxes of $39,500.
How much net working capital does the firm need to fund?

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