Chandler Sporting Goods produces baseball and football equipment and lines of clothing. This year the company had cash and marketable securities worth $335,485, accounts payables worth $1,159,357, inventory of $1,651,599, accounts receivables of $1,488,121, short-term notes payable worth $313,663, and other current assets of $121,427. What is the company's net working capital?

Question

Business

Noel Stout

19 April, 11:08

Chandler Sporting Goods produces baseball and football equipment and lines of clothing. This year the company had cash and marketable securities worth $335,485, accounts payables worth $1,159,357, inventory of $1,651,599, accounts receivables of $1,488,121, short-term notes payable worth $313,663, and other current assets of $121,427. What is the company's net working capital?

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Answers (1)

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Tucker Ruiz · Answer 1

The company's net working capital is $2123612

Explanation:

Working Capital

Current Assets:

Cash & marketable securities worth $335,485

Inventory of $1,651,599

Accounts receivables $1,488,121

Other current assets $121,427

Total Current Asset $3,596,632

Less:

Current Liabilities:

Accounts payable worth $1,159,357

Short-term notes payable worth $313,663

Total Current Liabilities $1,473,020

Net Working Capital $2,123,612