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Required: 1. How much is the net working capital of ABC Company? 2. Is it positive or negative?

Required: 1. How much is the net working capital of ABC Company? 2. Is it positive or negative?

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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Required:
1. How much is the net working capital of ABC Company?
2. Is it positive or negative? 

Direction: Compute the Net Working Capital of ABC Company. See table below and answer directly. Cash Marketable Securities Accounts receivable Inventory P 60,000 10,000 40,000 50,000 ABC Company Balance Sheet Account Payable Accrued Expense Notes Payable Current Portion-Long term debt P 30,000 20,000 5,000 10,000 Total Current Assets 160,000 Total Current Liabilities 65,000
Transcribed Image Text:Direction: Compute the Net Working Capital of ABC Company. See table below and answer directly. Cash Marketable Securities Accounts receivable Inventory P 60,000 10,000 40,000 50,000 ABC Company Balance Sheet Account Payable Accrued Expense Notes Payable Current Portion-Long term debt P 30,000 20,000 5,000 10,000 Total Current Assets 160,000 Total Current Liabilities 65,000
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