Net Working Capital. Winston Corporation has the following selected assets and liabilities: Cash $15,000 Accounts receivable $20,000 Inventory $37,000 Land $70,000 Building $190,000 Goodwill $26,000...


Net Working Capital. Winston Corporation has the following selected assets and liabilities:


Cash $15,000


Accounts receivable $20,000


Inventory $37,000 Land $70,000


Building $190,000


Goodwill $26,000


Accounts payable $13,000


Salaries payable $7,000


Taxes payable $19,000


Mortgage payable $80,000


Common stock $100,000


Retained earnings $82,000


Determine the company’s net working capital.



May 05, 2022
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