Bay Plumbing's balance sheet shows operating current assets of $6,300. Its current liabilities consist of $810 of accounts payable, $800 of 8% short-term interest-bearing notes, and $3,200 of accrued wages.

Bay Plumbing's balance sheet shows operating current assets of $6,300. Its current liabilities consist of $810 of accounts payable, $800 of 8% short-term interest-bearing notes, and $3,200 of accrued wages.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

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Question

Bay Plumbing's balance sheet shows operating current assets of $6,300. Its current liabilities
consist of $810 of accounts payable, $800 of 8% short-term interest-bearing notes, and
$3,200 of accrued wages.
What is its net operating working capital?

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