Determining the level of working capital


Tim Dye, the chief financial officer of Blackwell Automotive, Inc., is putting together this year's financial statements. He has gathered the following information. The firm had a cash balance of $23,015, accounts payable of $117,521, common stock of $313,299, retained earnings of $512,159, inventory of $209,388, goodwill and other assets equal to $78,656, net plant and equipment of $711,256, and short-term notes payable of $21,115. It also has accounts receivables of $164,909 and other current assets of $11,223. What level of working capital does Blackwell Automotive have?

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Finance Basics: Determining the level of working capital
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