Problem 2-1 Balance Sheet (LG2-1) You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $850,000, accounts receivable = $1,700,000, inventory = $2,200,000, accrued wages and taxes = $580,000, accounts payable = $880,000, and notes payable = $680,000. Calculate Goodman Bees' net working capital. (Enter your answer in dollars not in millions. Round your answer to the nearest dollar amount.) net working Captial
Problem 2-1 Balance Sheet (LG2-1) You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $850,000, accounts receivable = $1,700,000, inventory = $2,200,000, accrued wages and taxes = $580,000, accounts payable = $880,000, and notes payable = $680,000. Calculate Goodman Bees' net working capital. (Enter your answer in dollars not in millions. Round your answer to the nearest dollar amount.) net working Captial
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter1: Accounting And The Financial Statements
Section: Chapter Questions
Problem 18CE: Cornerstone Exercise 1-18 Balance Sheet An analysis of the transactions of Cavernous Homes Inc....
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Problem 2-1
You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $850,000, accounts receivable = $1,700,000, inventory = $2,200,000, accrued wages and taxes = $580,000, accounts payable = $880,000, and notes payable = $680,000.
Calculate Goodman Bees' net working capital. (Enter your answer in dollars not in millions. Round your answer to the nearest dollar amount.)
net working Captial
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