The following is partial information of one company\'s Balance Sheet. Using the
ID: 2332908 • Letter: T
Question
The following is partial information of one company's Balance Sheet. Using the given information, provide your answer as requested. Assets: Cash $15,000 Acct. Receivable $15,000 Inventory $10,000 Prepaid Expenses $10,000 FF&E, net $100,000 Liabilities Acct. Payable $11,000 Accrued Expenses $29,000 Notes Payable $60,000 30. Determine the amount of the Net Working Capital. Provide only numbers for your answer with two decimal points. Do not put "," or "%" or "$" in your answer. If your answer is 80%, put 80.00 for your answer. Provide 40000.00 if your answer is $40,000. The following is partial information of one company's Balance Sheet. Using the given information, provide your answer as requested. Assets: Cash $15,000 Acct. Receivable $15,000 Inventory $10,000 Prepaid Expenses $10,000 FF&E, net $100,000 Liabilities Acct. Payable $11,000 Accrued Expenses $29,000 Notes Payable $60,000 30. Determine the amount of the Net Working Capital. Provide only numbers for your answer with two decimal points. Do not put "," or "%" or "$" in your answer. If your answer is 80%, put 80.00 for your answer. Provide 40000.00 if your answer is $40,000. The following is partial information of one company's Balance Sheet. Using the given information, provide your answer as requested. Assets: Cash $15,000 Acct. Receivable $15,000 Inventory $10,000 Prepaid Expenses $10,000 FF&E, net $100,000 Liabilities Acct. Payable $11,000 Accrued Expenses $29,000 Notes Payable $60,000 30. Determine the amount of the Net Working Capital. Provide only numbers for your answer with two decimal points. Do not put "," or "%" or "$" in your answer. If your answer is 80%, put 80.00 for your answer. Provide 40000.00 if your answer is $40,000.Explanation / Answer
Current Assets = Cash + Accounts Receivable + Inventory + Prepaid Expenses
Current Assets = $15,000 + $15,000 + $10,000 + $10,000
Current Assets = $50,000
Current Liabilities = Accounts Payable + Accrued Expenses
Current Liabilities = $11,000 + $29,000
Current Liabilities = $40,000
Net Working Capital = Current Assets - Current Liabilities
Net Working Capital = $50,000 - $40,000
Net Working Capital = $10,000
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