Question: You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances:
cash and marketable securities = $550,000,
accounts receivable = $1,100,000,
inventory = $1,600,000,
accrued wages and taxes = $520,000,
accounts payable = $820,000, and
notes payable = $620,000.
Calculate Goodman Bees' net working capital.