Question: Working capital : Winston Electronics reported the following information at its annual meetings. The company had cash and marketable securities worth $1,235,560, accounts payables worth
Working capital: Winston Electronics reported the following information at its annual meetings. The company had cash and marketable securities worth $1,235,560, accounts payables worth $4,160,440, inventory of $7,122,400, accounts receivables of $3,489,140, notes payable worth $1,151,700, and other current assets of $122,484. What is the company's net working capital?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
