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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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  1. 19 April, 12:28
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    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
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