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21 August, 01:38

A firm has $820 in inventory, $3,200 in fixed assets, $1,210 in accounts receivable, $890 in accounts payable, and $360 in cash. what is the amount of the net working capital

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  1. 21 August, 05:26
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    Given:

    Inventory: $820

    Fixed Assets: $3,200

    Accounts receivable: $1,210

    Accounts payable: $$890

    Cash: $360

    The amount of net working capital is

    Cash and cash equivalents ($360)

    + Receivables ($1,210)

    + Inventory ($820)

    + Marketable investments ($3,200)

    - Accounts payable ($890)

    = $4,700

    Answer: $4,700
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