Siskiyou Corp. has cash of $75,000; short-term notes payable of $100,000; accounts receivables of $275,000; accounts payable of $135,000: inventories of $350,000; and accrued expenses of $75,000.
Required:
Question 1: What is the firm's net working capital? Explain in detail and also show all work please provide step by step solution.
A) $390,000
B) $175,000
C) $700,000
D) $210,000