A firm has net fixed assets of $38,215, long-term debt of $560, cash of $22,400, accounts payable $11,408 inventory of $3,462, and accounts receivable of $4,611. How much net working capital does the firm have? Answer:

A firm has net fixed assets of $38,215, long-term debt of $560, cash of $22,400, accounts payable $11,408 inventory of $3,462, and accounts receivable of $4,611. How much net working capital does the firm have? Answer:

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...

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Concept explainers

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

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A firm has net fixed assets of $38,215, long-term debt of $560, cash of $22,400, accounts payable $11,408,
inventory of $3,462, and accounts receivable of $4,611. How much net working capital does the firm have?
Answer:

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