Problemjohnboy industries has a cash balance of 54000, Ask an Expert

Accounting

Problem:

JohnBoy Industries has a cash balance of $54,000, accounts payable of $134,000, inventory of $184,000, accounts receivable of $219,000, notes payable of $129,000, and accrued wages and taxes of $41,500.

Requirement:

Question: How much net working capital does the firm need to fund?

Note: Show all workings.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91171825

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