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What is the amount of net working capital for joe

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Reference no: EM132952383

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, $3146; accounts payable, $10982; accounts receivable, $15205; sales taxes due city of Phoenix, $533; sales taxes due the Arizona Department of Revenue, $3416; inventory, $16979; wages payable, $5399; taxes payable (federal), $2755; money market fund, $12762; and computer, $3905.

Problem 1: What is the amount of net working capital?

Reference no: EM132952383

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