You Are Evaluating the Balance Sheet for Epic Corporation

question 95

Multiple Choice

You are evaluating the balance sheet for Epic Corporation. From the balance sheet you find the following balances: cash and marketable securities = $500,000, accounts receivable = $200,000, inventory = $100,000, accrued wages and taxes = $50,000, accounts payable = $60,000, and notes payable = $200,000. Calculate Epic's net working capital.

• A) $490,000
• B) $540,000
• C) $690,000
• D) $800,000

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Definitions:

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