The net working capital of John Hartley Corp. as of December 31, 2020 amounts to? PROBLEM BJohn Hartley Corp. provided the following data on December 31, 2020:Cash in bankP1,900,000Bills and coins on hand15,865Investment property5,000,000Equipment2,400,000Cash fund for plant expansion (Expected to be disbursed 2021)2,500,000Petty cash fund25,000Inventory (P150,000 worth of inventory is expected to be sold in1,935,0002022)Trade receivable (10% is expected to be collected in 2022)1,850,000Trade payable1,390,000Accrued expenses245,00010% Notes payable (due in 2021)1,000,00012% Notes payable (due in 2022)2,500,000Salaries payable400,000Bonds payable (due in 2025)1,000,000

Net working capital= Current Assets - Current liability Current assets means assets which is…

Answered: net working capital

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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Total capital as of December 31, 2019
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