Wu Systems has the following balance sheet. How much net working capital does the firm have?
|
Cash |
$ 100 |
Accounts payable |
$ 200 |
|
Accounts receivable |
650 |
Accruals |
350 |
|
Inventory |
550 |
Notes payable |
350 |
|
Current assets |
$1,300 |
Current liabilities |
$900 |
|
Net Fixed assets |
1,000 |
Long-term debt |
600 |
|
Common equity |
300 |
||
|
Retained earnings |
500 |
||
|
Total assets |
$2,300 |
Total liab. & equity |
$2,300 |
a. $675
b. $750
c. $825
d. $908
e. $998