For questions #6-18, refer to the following financial information for Gannon N T

Question

For questions #6-18, refer to the following financial information for Gannon N TO EARN POSITIVE RATING. PLEASE CLEARLY. THANK YOUt 2016 RALANCE SHEETS 160,000 620,000 290,000 10,000 1.580,000 Accouns Receivable 05,000 Fised Assets, net ,JSS,000 Liabilities and Equity: Accounts Payable Long-term Debt Common Stock Retained Earnings 350,000 500,000 50,000 455,000 $375,000 625,000 75,000 505.000 1.580,000 Total Liabilities and Equity 1,335,000 INCOME STATEMENT: Cost of Goods Sold General and Administrative Depreciation Expense Earnings Before Interest and Taxes Interest Expenss 3,500,000 2,275,000 515,000 120,000 590,000 40,000 550,000 167.000 383,000 Pretax Net Income Income Taxes Net Income 16. What was Gannon's investment in net working capital for 20177

Explanation / Answer

Investment in Net working capital is calculated as Current assets - Current liabilities.

Therefore, NWC = Cash + AR + Inventory - AP

= 160,000 + 620,000 + 290,000 - 375,000

= $695,000

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