What is the company net operating capital for the year

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Problem 1: A company's balance sheet for its last fiscal year is presented in the following table. What is the company's net operating capital (NOC) for the year?

Current assets:

Cash and cash equivalents 3,444

Marketable securities 3,922

Inventories 2,572

Accounts receivable 1,988

Deferred taxes 272

Total current assets 12,198

Fixed assets, net 1,290

Deferred taxes 18

Intangibles 1,474

Total assets 14,980

Current liabilities:

Accounts payable 5,605

Notes payable 1,215

Accrued expenses 1,759

Total current liabilities 8,579

Long-term debt 109

Post-employment obligations 286

Deferred revenue 749

Total stockholders' equity 5,257

Total liabilities and stockholders' equity 14,980

Reference no: EM132962686

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