Question: Problem 3.6 Laurel Electronics reported the following information at its annual meeting: The company had cash and marketable securities worth $1,235,455, accounts payables worth $4,159,357,

 Problem 3.6 Laurel Electronics reported the following information at its annual

Problem 3.6 Laurel Electronics reported the following information at its annual meeting: The company had cash and marketable securities worth $1,235,455, accounts payables worth $4,159,357, inventory of 57,121,599, accounts receivables of $3,488,121, short-term notes payable worth $1,151,663, and other current assets of $121,455 salat book value. Suppose marking to market reveals that the market value of the firm's inventory is 17 percent below its book value, its receivables are 19 percent below its book value and the market value of its current liabilities is identical to the book value What is the firm's net working capital using market values? (Round Intermediate calculations and final answer to the nearest whole dollar, .. 5.275.) Net worting capital 6,656 What is the percentaor change in net working capital? (Mound answer to 1 decimal place, g. 17.8.Enter negative amounts ning either a negative Wyn preceding the number -5 or parentheses (45).) Percentage change in networking capital Click if you would like to show Work for this question en Work

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