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Calculate the net working capital from the information given below. the figures are in millions of dollars. cash and cash equivalents $ 90 inventories 450 accounts receivable 255 fixed assets 1,080 short-term investments 145 goodwill 90 accounts payable 220 long-term borrowings 660 short-term borrowings 85 interest payable

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talkingturkey
Given
Cash and cash equivalents
$ 90
Inventories
450
Accounts receivable
255
Fixed assets
1,080
Short-term investments
145
Goodwill
90
Accounts payable
220
Long-term borrowings
660
Short-term borrowings
85
Interest payable
115

Net working capital is current assets less current liability. Current assets: Cash and cash equivalents $ 90 Inventories 450 Accounts receivable 255 Short-term investments 145 Current liabilities: Accounts payable 220 Short-term borrowings 85 Interest payable 115 Total current asset: 940 Total current liabilities: 420 Net working capital = 940 - 420 = 520

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