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FromTheMoon [43]
4 years ago
8

A firm has current assets consisting of $100 cash, $300 of accounts receivable, and $400 of inventories. Its current liabilities

include $200 of accounts payable, $100 of accrued wages and taxes, and $200 of notes payable to its bank. The cash balance is not considered "excess" cash. What is its NOWC?
Business
1 answer:
SSSSS [86.1K]4 years ago
3 0

Answer:

What is its NOWC?

500

Explanation:

NOWC=(CURRENT ASSETS-EXCESS CASH)-(CURRENT LIABILITIES-NOTES PAYABLE)

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