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QUESTION

Balance Sheet You are evaluating the balance sheet for Cypress Corporation. From the balance sheet you find the following balances:

Balance Sheet You are evaluating the balance sheet for Cypress Corporation. From the balance sheet you find the following balances: Cash and marketable securities = $520,000, Accounts receivable = $720,000, Inventory = $420,000, Accrued wages and taxes = $42,000, Accounts payable = $120,000, and Notes payable = $920,000. What is Cypress's net working capital?

A. $1,660,000

B. $578,000

C. $2,742,000

D. $1,082,000

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