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BMW is a manufacturer of automobile parts located in Greer, South Ca

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BMW is a manufacturer of automobile parts located in
Greer, South Carolina. At the end of the current fiscal
year, the company had net working capital of $157,903.
The company showed accounts payables of $94,233,
accounts receivables of $83,112, inventory of $171,284,
and cash and marketable securities of $12,311. Calculate
the amount of notes payables. (Assume that notes payable
and accounts payable are the only two current liabilities of
the company.)
Solution
BMW (All amounts in $) Working Capital Value
157903 Comprising of : Current Assets
Accounts Receivables 83112 Inventory 171284 Cash
and Marketable Securities 12311 266707 Less :
Current Liabilities Accounts Payable 94233 Notes
Payable 14571 157903

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BMW is a manufacturer of automobile parts located in Greer, South Carolina. At the end of the current fiscal year, the company had net working capital of $157,903. The company showed accounts payables of $94,233, accounts receivables of $83,112, inventory of $171,284, and cash and marketable securit ...
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