The following are the Balance sheet items of Salalah Packaging Company. Prepare and Calculate the Net Working Capital of Salalah Packaging Company. The company needs to set
The following are the Balance sheet items of Salalah Packaging Company. Prepare and Calculate the Net Working Capital of Salalah Packaging Company. The company needs to set
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
![The following are the Balance sheet
items of Salalah Packaging Company.
Prepare and Calculate the Net
Working Capital of Salalah Packaging
Company. The company needs to set
aside 10.005% for contingency.
ITEM
OMR
Salary paid in advance
7500
Closing stock
5400
Bank Balance
3700
Overheads (6 weeks)
1000
Bills Payable (2 weeks)
1000
Manufacturing expenses
3500
Creditors for wages
760
Rent paid in advance
190
Select one:
a. 13614.39
b. None of the options
O c. 13500.25
O d. 13960.50
O e. 12110.89](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdc801888-f84f-476d-8942-f50904866d03%2Fab49d5e8-0802-4eec-afe1-91946ebe86e0%2F3ixppmf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following are the Balance sheet
items of Salalah Packaging Company.
Prepare and Calculate the Net
Working Capital of Salalah Packaging
Company. The company needs to set
aside 10.005% for contingency.
ITEM
OMR
Salary paid in advance
7500
Closing stock
5400
Bank Balance
3700
Overheads (6 weeks)
1000
Bills Payable (2 weeks)
1000
Manufacturing expenses
3500
Creditors for wages
760
Rent paid in advance
190
Select one:
a. 13614.39
b. None of the options
O c. 13500.25
O d. 13960.50
O e. 12110.89
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