Use the following balance sheet data to compute the net operating working capital. Cash Accounts Receivable Inventory Current Assets Net fixed assets Total assets $60 160 200 $420 $700 $1.120 Account payable Accruals Notes payable Current liabilities Long-term debt Common equity Retained earnings Total liabilities and equity $180 110 200 $490 250 160 220 $1,120
Use the following balance sheet data to compute the net operating working capital. Cash Accounts Receivable Inventory Current Assets Net fixed assets Total assets $60 160 200 $420 $700 $1.120 Account payable Accruals Notes payable Current liabilities Long-term debt Common equity Retained earnings Total liabilities and equity $180 110 200 $490 250 160 220 $1,120
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 16MCQ
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![Use the following balance sheet data to compute the net operating working capital.
Cash
Accounts Receivable
Inventory
Current Assets
Net fixed assets
Total assets
$60
160
200
$420
$700
$1,120
Account payable
Accruals
Notes payable
Current liabilities
Long-term debt
Common equity
Retained earnings
Total liabilities and equity
$180
110
200
$490
250
160
220
$1,120](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F37e2f913-30b2-4c8c-98d5-339163057ff1%2Fc403da6a-0817-4b32-bfba-5afcb2d71c1e%2Fglqvove_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Use the following balance sheet data to compute the net operating working capital.
Cash
Accounts Receivable
Inventory
Current Assets
Net fixed assets
Total assets
$60
160
200
$420
$700
$1,120
Account payable
Accruals
Notes payable
Current liabilities
Long-term debt
Common equity
Retained earnings
Total liabilities and equity
$180
110
200
$490
250
160
220
$1,120
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