[nono18]

Working capital: Laurel Electronics reported the following information at its annual meetings. The company had cash and marketable securities worth $1,235,455, accounts payables worth $4,159,357, inventory of $7,121,599, accounts receivables of $3,488,121, short-term notes payable worth $1,151,663, and other current assets of $121,455. Suppose marking-to-market reveals that the market value of the firm's inventory is 77 percent below its book value and its receivables are 76 percent below its book value. The market value of its current liabilities is identical to the book value.

What is the firm's net working capital using market values?


What is the percent difference in net working capital?

[Just Looking]

Please read the following.

Announcement:

Do you know the definition of working capital? If not, you can find it in your text or online. If you will show your work, we will check it for you. Thanks.