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A firm has $792 in inventory, $1,565 in fixed assets, $577 in accounts receivable, $339 in...

A firm has $792 in inventory, $1,565 in fixed assets, $577 in accounts receivable, $339 in net working capital, and $189 in cash. What is the amount of current liabilities?

Solutions

Expert Solution

We know that Net Working Capital = Current Assets – Current Liabilities

Also,

Current Assets = Inventory +  Accounts receivable + Cash = $792 + $577 + $189 = $1558

Net Working Capital =  $339

$339 = Current Assets – Current Liabilities

$339 = $1558 - Current Liabilities

Current Liabilities = $1558 - $339 = $1219

jeff jeffy answered 2 years ago
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