You Are Evaluating the Balance Sheet for Goodman's Bees Corporation

question 35

Multiple Choice

You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $200,000, accounts receivable = $1,100,000, inventory = $2,000,000, accrued wages and taxes = $500,000, accounts payable = $600,000, and notes payable = $100,000. Calculate Goodman's Bees' net working capital.

• A) $2,000,000
• B) $2,100,000
• C) $1,400,000
• D) $1,900,000

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