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Net working capital winston corporation has the following

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Reference no: EM13574361

Net Working Capital. Winston Corporation has the following selected assets and liabilities:

Cash

$15,000

Accounts receivable

$20,000

Inventory

$37,000

Land

$70,000

Building

$190,000

Goodwill

$26,000

Accounts payable

$13,000

Salaries payable

$7,000

Taxes payable

$19,000

Mortgage payable

$80,000

Common stock

$100,000

Retained earnings

$82,000

Determine the company's net working capital.

Reference no: EM13574361

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