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Question Benson Bakeries generated net income of $250,000 on total revenues of $525,000 this year. At year end, the company had accounts receivable of $25,000, accounts payable of $52,500, inventory of $58,000, cash of $50,000, and short-term notes payable of $25,500. What is the net working capital for Benson Bakeries?

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Question

Benson Bakeries generated net income of $250,000 on total revenues of $525,000 this year.  At year end, the

company had accounts receivable of $25,000, accounts payable of $52,500, inventory of $58,000, cash of $50,000, and short-term notes payable of $25,500.  What is the net working capital for Benson Bakeries?

 
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