Problem:
Winston Electronics reported the following information at its annual meetings. The company had cash and marketable securities worth $1,235,570, accounts payables worth $4,160,630, inventory of $7,122,150, accounts receivables of $3,488,860, notes payable worth $1,153,020, and other current assets of $121,461.
Required:
Question 1: What is the company's net working capital?
Explain in detail.