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