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Sheridan Electronics reported the following information at its annual meetings: The company had cash and marketable securities worth $1,235,455, accounts payables worth $4,159,357, inventory of $7,176,900, accounts receivables of $3,451,300, short-term notes payable worth $1,136,600, and other current assets of $121,455. What is the company's net working capital?

Respuesta :

Answer:

$6,689,153

Explanation:

Total Current Assets:

= Cash and marketable securities + Inventory + Accounts Receivables + Other current assets

= $1,235,455 + $7,176,900 + $3,451,300 + $121,455

= $11,985,110

Total current liabilities:

= Accounts payable + Short term notes payable

= $4,159,357 + $1,136,600

= $5,295,957

Company's net working capital:

= Total Current Assets - Total Current Liabilities

= $11,985,110 - $5,295,957

= $6,689,153

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