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Calculate ultra net working capital

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Reference no: EM132743379

You are evaluating the balance sheet for Ultra Corporation. From the balance sheet you find the following balances:

cash and marketable securities = $10,000, accounts receivable = $2,000, inventory = $20,000, accrued wages and taxes = $1,000, accounts payable = $3,000, and notes payable = $10,000. Calculate Ultra's net working capital.

Option 1: $ 8,000
Option 2: $32,000
Option 3: $28,000
Option 4: $18,000

 

Reference no: EM132743379

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