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What is the net working capital for

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Reference no: EM132556001

Melody Shannon is a maker of fine designer clothes. Their blance sheet information is as follows:

Current Asset Value: 2019: $150,000; 2018: $125,000.

Net Fixed Assets: 2019: $1,100,000; 2018: $950,000.

Current Liabilities: 2019: $110,000; 2018: 79,000.

Long-Term Debt: 2019: $600,000; 2018: $400,000.

Question 1: What is the net working capital for 2018?

Option 1 : $596,000

Option 2 : $46,000

Option 3 : $40,000

Option 4 : $550,000

Reference no: EM132556001

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