Foxglove Interiors has net fixed assets of $38,215, long-term debt of $22,400, cash of $56C accounts payable $4,611, inventory of $11,408, and accounts receivable of $3,462. How much net working capital does the firm have?
Foxglove Interiors has net fixed assets of $38,215, long-term debt of $22,400, cash of $56C accounts payable $4,611, inventory of $11,408, and accounts receivable of $3,462. How much net working capital does the firm have?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Foxglove Interiors has net fixed assets of $38,215, long-term debt of $22,400, cash of $56C
accounts payable $4,611, inventory of $11,408, and accounts receivable of $3,462. How
much net working capital does the firm have?
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