Working capital: The financial information for Laurel Electronics referred to in problem 3.5 is all book value. Suppose marking-to-market reveals that the market value of the firm’s inventory is 20 percent below its book value and its receivables are 25 percent below its book value. The market value of its current liabilities is identical to the book value. What is the firm’s net working capital using market values? What is the percentage change in net working capital? (3.5) Working capital: Laurel Electronics reported the following information at its annual meeting: The company had cash and marketable securities worth $1,235,455, accounts payables worth $4,159,357, inventory of $7,121,599, accounts receivables of $3,488,121, short-term notes payable worth $1,151,663, and other current assets of $121,455. What is the company’s net working capital?



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