Question

In 2004, TimeNow Corporation had fixed assets of $1,345, current assets of $260, current liabilities of $180 and shareholders' equity of $775. What was the net working capital for TimeNow in 2004?

Answer 1

net working capital 120,000,000

Step-by-step explanation:

the net working capital is considered the difference between the current assets and the current liabilities.

Is the amunt invested for the yearly operation such as inventory, A/R and other after subtracting the finanacing

current assets 260,000,000

current liabilities (180,000,000)

net working capital 120,000,000