Le Son, Inc., has current liabilities of $11,700 and accounts receivables of $15
ID: 2591314 • Letter: L
Question
Le Son, Inc., has current liabilities of $11,700 and accounts receivables of $15,200. The firm has total assets of $43,400 and net fixed assets of $24,800. The owners' equity has a book value of $21,000. What is the amount of the net working capital? a. <$8,300> b. <$3,800> c. $3,500 d. $6,900 e. $10,700Le Son, Inc., has current liabilities of $11,700 and accounts receivables of $15,200. The firm has total assets of $43,400 and net fixed assets of $24,800. The owners' equity has a book value of $21,000. What is the amount of the net working capital? a. <$8,300> b. <$3,800> c. $3,500 d. $6,900 e. $10,700
Le Son, Inc., has current liabilities of $11,700 and accounts receivables of $15,200. The firm has total assets of $43,400 and net fixed assets of $24,800. The owners' equity has a book value of $21,000. What is the amount of the net working capital? a. <$8,300> b. <$3,800> c. $3,500 d. $6,900 e. $10,700
Explanation / Answer
Answer : d. $6900.
Net working capital = Current assets - Current liabilities
= ($43400 - $24800) - $11700
= $18600 - $11700
= $6900.
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