Problem:
You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you will find the following balances: Cash and marketable securities =$200,000, Accounts receivable =$1,100,000, Inventory = $2,000,000, Accurred wages and taxes =$500,000, Accounts payable =$600,000,and Notes Payable = $100,000.
Required:
Question: Calculate Goodman's Bees' net working capital.
Note: Please provide reasons to support your answer.