Spartan Ltd is a manufacturer of automobile parts located in Manly, Sydney. At the end of the
Question:
Spartan Ltd is a manufacturer of automobile parts located in Manly, Sydney. At the end of the current financial year, the company had net working capital of $159,152. The company showed accounts payable of $95,171, accounts receivable of $98,592, inventory of $181,009, and cash and marketable securities of $12,368. What amount of notes payable does the company have?
Chandler Sporting Goods produces baseball and football equipment and lines of clothing. This year the company had cash and marketable securities worth $334,350, accounts payable worth $1,216,951, inventory of $1,679,050, accounts receivable of $1,494,553, short-term notes payable worth $334,324, and other current assets of $135,106. What is the company's net working capital?
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay