Business, 31.03.2020 02:46 dondre54

Joe Fellows is attempting to categorize several items from his company’s financial statements so he can determine his working capital. Joe notices the following categories of accounts and amounts: cash, $3,670; accounts payable, $10,372; accounts receivable, $14,796; sales taxes due city of Phoenix, $808; sales taxes due the Arizona Department of Revenue, $3,802; inventory, $17,811; wages payable, $5,323; taxes payable (federal), $2,628; money market fund, $12,011; and computer, $3,524. What is the amount of net working capital?

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Joe Fellows is attempting to categorize several items from his company’s financial statements so he...

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