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Question: You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances:
cash and marketable securities = $550,000,
accounts receivable = $1,100,000,
inventory = $1,600,000,
accrued wages and taxes = $520,000,
accounts payable = $820,000, and
notes payable = $620,000.
Calculate Goodman Bees' net working capital.
NOTE: The relationship between W and kWh is the relationship between power (kW) and energy (kWh). Thus multiplied by time. Also, 1000W=1kW.
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