Problemolokun inc has current liabilities of 11200 and, Ask an Expert

Accounting

Problem:

Olokun Inc. has current liabilities of $11,200 and accounts receivable of $13,600. The firm has total assets of $40,200 and net fixed assets of $19,600. The owners' equity has a book value of $16,800.

Required:

Question: What is the amount of the net working capital?

Note:Provide specific examples to support your answers.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167917

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