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Calculate epic net working capital

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Reference no: EM132665796

Problem 1: On which of the four major financial statements would you find the common stock and paid-in surplus?

Option 1: statement of retained earnings

Option 2: balance sheet

Option 3: income statement

Option 4: statement of cash flows

Problem 2: You are evaluating the balance sheet for Epic Corporation. From the balance sheet you find the following balances:

cash and marketable securities = $500,000, accounts receivable = $200,000, inventory = $100,000, accrued wages and taxes = $50,000, accounts payable = $60,000, and notes payable = $200,000. Calculate Epic's net working capital.

Option 1: $690,000

Option 2: $540,000

Option 3: $800,000

Option 4: $490,000

Reference no: EM132665796

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