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Balance Sheet You are evaluating the balance sheet for Campus Corporation. From the balance sheet you find the following balances: Cash and marketable securities = $397,000, Accounts receivable = $197,000, Inventory = $97,000, Accrued wages and taxes = $11,200, Accounts payable $312,000, and Notes payable $612,000. What is Campus's net working capital? =

Balance Sheet You are evaluating the balance sheet for Campus Corporation. From the balance sheet you find the following balances: Cash and marketable securities = $397,000, Accounts receivable = $197,000, Inventory = $97,000, Accrued wages and taxes = $11,200, Accounts payable $312,000, and Notes payable $612,000. What is Campus's net working capital? =

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Balance Sheet You are evaluating the balance sheet for Campus Corporation. From the balance sheet you find the following balances: Cash and marketable securities = $397,000, Accounts receivable = $197,000, Inventory = $97,000, Accrued wages and taxes = $11,200, Accounts payable $312,000, and Notes payable $612,000. What is Campus's net working capital? Multiple Choice A. $1,626,200 B. $691,000 C. $935,200 D. -$244,200
Transcribed Image Text:Balance Sheet You are evaluating the balance sheet for Campus Corporation. From the balance sheet you find the following balances: Cash and marketable securities = $397,000, Accounts receivable = $197,000, Inventory = $97,000, Accrued wages and taxes = $11,200, Accounts payable $312,000, and Notes payable $612,000. What is Campus's net working capital? Multiple Choice A. $1,626,200 B. $691,000 C. $935,200 D. -$244,200
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