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Compute what is the amount of net working capital

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Joe Fellows is attempting to categorize several items from his company's financial statements so he can determine his working capital. Joe notices the following categories of accounts and amounts: cash, $3042; accounts payable, $10625; accounts receivable, $14513; sales taxes due city of Phoenix, $845; sales taxes due the Arizona Department of Revenue, $3615; inventory, $18151; wages payable, $5442; taxes payable (federal), $2171; money market fund, $12819; and computer, $3765.

Problem 1: What is the amount of net working capital?

Reference no: EM132701492

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