Global Games, Inc. has net working capital of $1,661, cash of $1,031, current liabilities of $5,064, accounts payable of $3,598, and inventory of $2,077. These numbers use the traditional calculation for NWC (seen previously in this module). What is NINC using the narrower definition of NWC from the CFI institute (NWC = Accounts receivable + Inventory - Accounts payable)?
Global Games, Inc. has net working capital of $1,661, cash of $1,031, current liabilities of $5,064, accounts payable of $3,598, and inventory of $2,077. These numbers use the traditional calculation for NWC (seen previously in this module). What is NINC using the narrower definition of NWC from the CFI institute (NWC = Accounts receivable + Inventory - Accounts payable)?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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