Kizspy Question: 30
(Choose 1 answer)
Spartan, Inc., is a manufacturer of automobile parts located in Greenville, South Carolina. At the end of the
current fiscal year, the company had net working capital of $157,903. The company showed accounts
payables of $94,233, accounts receivables of $83,112, inventory of $171,284, and cash and marketable
securities of $12,311. Calculate the amount of notes payables. (Assume that notes payable and accounts
payable are the only two current liabilities of the company.)
A. $14,571
B. $26,882
C. $15,471
D. None of these are correct
