ohnBoy Industries has a cash balance of $48,000, accounts payable of $128,000, inventory of $178,000, accounts receivable of $213,000, notes payable of $123,000, and accrued wages and taxes of $38,500. How much net working capital does the firm need to fund?

ohnBoy Industries has a cash balance of $48,000, accounts payable of $128,000, inventory of $178,000, accounts receivable of $213,000, notes payable of $123,000, and accrued wages and taxes of $38,500. How much net working capital does the firm need to fund?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

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ohnBoy Industries has a cash balance of $48,000, accounts payable of $128,000, inventory of $178,000, accounts receivable of $213,000, notes payable of $123,000, and accrued wages and taxes of $38,500.

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

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