9. The balance sheet of Kurtze, Inc. shows the following account balances: inventory, P2,900, accounts payable, P2,700, equipment, P5,100, accounts receivable, P1,200, building, P79,500, mortgage, P68,600, notes payable, current, P1,500 and cash, P950. How much net working capital does Kurtze, Inc. have?

9. The balance sheet of Kurtze, Inc. shows the following account balances: inventory, P2,900, accounts payable, P2,700, equipment, P5,100, accounts receivable, P1,200, building, P79,500, mortgage, P68,600, notes payable, current, P1,500 and cash, P950. How much net working capital does Kurtze, Inc. have?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 6MCQ

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