A company has the following account balances. Cash $160,000 Equipment 50,000 Inventory 35,000 Accounts receivable 25,000 Accrued wages 10,000 Long-term debt 30,000 Accounts payable 5,000 What is the company’s net working capital?   A.$220,000 B.$205,000 C.$225,000 D.$180,000

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 10P: The Moore Corporation has operating income (EBIT) of 750,000. The companys depreciation expense is...
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A company has the following account balances.

Cash
$160,000
Equipment
50,000
Inventory
35,000
Accounts receivable
25,000
Accrued wages
10,000
Long-term debt
30,000
Accounts payable
5,000

What is the company’s net working capital?

 

  • A.$220,000
  • B.$205,000
  • C.$225,000
  • D.$180,000
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