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What is the amount of net working capital

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Question - 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, $3720; accounts payable, $10249; accounts receivable, $15378; sales taxes due city of Phoenix, $643; sales taxes due the Arizona Department of Revenue, $3620; inventory, $17067; wages payable, $5360; taxes payable (federal), $2458; money market fund, $12939; and computer, $3471. What is the amount of net working capital?

Reference no: EM133029785

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