You are evaluating the balance sheet for Corpus Correction. From the balance sheet you find the following balances: cash and marketable securities = $300,000, accounts receivable = $100,000, inventory = $200,000, accrued wages and taxes = $50,000, accounts payable = $400,000, and notes payable = $500,000. What is Corpus's net working capital? -$350,000 $700,000 $910,000 $1,610,000

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 3
You are evaluating the balance sheet for Corpus Correction. From the balance sheet you find the following balances: cash and
marketable securities = $300,000, accounts receivable = $100,000, inventory = $200,000, accrued wages and taxes = $50,000, accounts
payable $400,000, and notes payable = $500,000. What is Corpus's net working capital?
-$350,000
O $700,000
$910,000
$1,610,000
Transcribed Image Text:QUESTION 3 You are evaluating the balance sheet for Corpus Correction. From the balance sheet you find the following balances: cash and marketable securities = $300,000, accounts receivable = $100,000, inventory = $200,000, accrued wages and taxes = $50,000, accounts payable $400,000, and notes payable = $500,000. What is Corpus's net working capital? -$350,000 O $700,000 $910,000 $1,610,000
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