• Business Business

Calculate the net working capital from the information given below. the figures are in millions of dollars. cash and cash equivalents $ 90 inventories 450 accounts receivable 255 fixed assets 1,080 short-term investments 145 goodwill 90 accounts payable 220 long-term borrowings 660 short-term borrowings 85 interest payable

Answers (1)
  1. Chibueze
    Given

    Cash and cash equivalents

    $ 90

    Inventories

    450

    Accounts receivable

    255

    Fixed assets

    1,080

    Short-term investments

    145

    Goodwill

    90

    Accounts payable

    220

    Long-term borrowings

    660

    Short-term borrowings

    85

    Interest payable

    115

    Net working capital is current assets less current liability. Current assets: Cash and cash equivalents $ 90 Inventories 450 Accounts receivable 255 Short-term investments 145 Current liabilities: Accounts payable 220 Short-term borrowings 85 Interest payable 115 Total current asset: 940 Total current liabilities: 420 Net working capital = 940 - 420 = 520
Guest
Know the Answer?

Not Sure About the Answer?
💡 Find an answer to your question "Calculate the net working capital from the information given below. the figures are in millions of dollars. cash and cash equivalents $ 90 ..." in Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.

See Other Answers