The following are the Balance sheet items of Salman Store. Prepare and calculate the Net Working Capital of Salman Store. The company needs to set aside 10% for contingency ITEM OMR Cash (1 month) 1000 Closing Stock 300 Cash equivalents 600 Outstanding expenses(6 months) 500 Bills Receivable (2 months) 700 Exports 350 Creditors 60 Rent 90 Select one: O a. 1393.93 b. None of the options O c. 1290.50 O d. 1360.90 O e. 1370.67

The following are the Balance sheet items of Salman Store. Prepare and calculate the Net Working Capital of Salman Store. The company needs to set aside 10% for contingency ITEM OMR Cash (1 month) 1000 Closing Stock 300 Cash equivalents 600 Outstanding expenses(6 months) 500 Bills Receivable (2 months) 700 Exports 350 Creditors 60 Rent 90 Select one: O a. 1393.93 b. None of the options O c. 1290.50 O d. 1360.90 O e. 1370.67

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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