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Use the information below for the Greek Corporation to answer the following questions. Refer to the Balance Sheet Accounts of Greek Corporation. The value of net working capital at the year-end is Balance Sheet Accounts of Greek Corporation Account Balance 12/31/2014 Accumulated depreciation $3,060 Accounts payable Accounts receivable $2,750 $3,200 Cash $1,500 Common stock Inventory $6,250 $4,500 Long-Term debt $7,100 Plant, property, and equipment Retained earnings $14,800 $4,840

Use the information below for the Greek Corporation to answer the following questions. Refer to the Balance Sheet Accounts of Greek Corporation. The value of net working capital at the year-end is Balance Sheet Accounts of Greek Corporation Account Balance 12/31/2014 Accumulated depreciation $3,060 Accounts payable Accounts receivable $2,750 $3,200 Cash $1,500 Common stock Inventory $6,250 $4,500 Long-Term debt $7,100 Plant, property, and equipment Retained earnings $14,800 $4,840

Essentials Of Investments
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
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Question 35

**Question 35** Use the information below for the Greek Corporation to answer the following questions. Refer to the Balance Sheet Accounts of Greek Corporation. The value of net working capital at the year-end is ________. **Balance Sheet Accounts of Greek Corporation** | Account | Balance 12/31/2014 | |---------------------------------|--------------------| | Accumulated depreciation | $3,060 | | Accounts payable | $2,750 | | Accounts receivable | $3,200 | | Cash | $1,500 | | Common stock | $6,250 | | Inventory | $4,500 | | Long-Term debt | $7,100 | | Plant, property, and equipment | $14,800 | | Retained earnings | $4,840 | Options: - $2,750 - $11,090 - $11,740 - $6,450 To calculate the net working capital, use the formula: Net Working Capital = (Accounts Receivable + Cash + Inventory) - Accounts Payable Insert the provided values into the formula to find the correct answer.
Transcribed Image Text:**Question 35** Use the information below for the Greek Corporation to answer the following questions. Refer to the Balance Sheet Accounts of Greek Corporation. The value of net working capital at the year-end is ________. **Balance Sheet Accounts of Greek Corporation** | Account | Balance 12/31/2014 | |---------------------------------|--------------------| | Accumulated depreciation | $3,060 | | Accounts payable | $2,750 | | Accounts receivable | $3,200 | | Cash | $1,500 | | Common stock | $6,250 | | Inventory | $4,500 | | Long-Term debt | $7,100 | | Plant, property, and equipment | $14,800 | | Retained earnings | $4,840 | Options: - $2,750 - $11,090 - $11,740 - $6,450 To calculate the net working capital, use the formula: Net Working Capital = (Accounts Receivable + Cash + Inventory) - Accounts Payable Insert the provided values into the formula to find the correct answer.
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