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New Town Industries Tax rate 35% 2015 2014 Revenues $42,629 $37,911 Cost of goods sold 23,704 24,832 Interest 1,230 1,584 Dividends 1,200 600 Depreciation 2,609 2,814 Administrative expenses 7,040 6,820 Cash 3,671 2,969 Inventory 3,968 4,503 Accounts payable 2,325 3,760 Long-term debt 19,105 25,900 Accounts receivable 4,601 5,318 Common stock 22,600 19,800 Net fixed assets 41,260 42,110 What is the net working capital for 2015?

Respuesta :

Answer:

$9,915

Explanation:

The computation of the net working capital for 2015 is shown below:

= Current asset - current liabilities

where,

Current asset = Cash + inventory + account receivable

                       = $3,671 + 3,968 + $4,601

                       = $12,240

Current liabilities = Account payable

                            = $2,325

Now put these values to the above formula

So, the value would be equal to

= $12,240 - $2,325

= $9,915

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