Balance Sheet You Are Evaluating the Balance Sheet for Campus

question 8

Multiple Choice

Balance Sheet You are evaluating the balance sheet for Campus Corporation.From the balance sheet you find the following balances: cash and marketable securities = $400,000,accounts receivable = $200,000,inventory = $100,000,accrued wages and taxes = $10,000,accounts payable = $300,000,and notes payable = $600,000.What is Campus's net working capital?

• A)-$210,000
• B)$700,000
• C)$910,000
• D)$1,610,000

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Definitions:

Financial Statements

Reports that provide detailed information about a company's financial condition in terms of income, expenses, assets, and liabilities.

Useful Life

The estimated period over which an asset is expected to be functional and economically feasible for its intended purpose.

Salvage Value

The projected selling price of an asset when its useful life concludes.

Useful Life

The estimated time period that an asset is expected to be functional and contribute economically to its owner.