Homework Sourseaccounts payable 40000 accounts receivable 65000 accrued lia
accounts payable 40000
accounts receivable 65000
accrued liabilities 7000
cash 30000
intangible assets 40000
inventory 72000
long term investments 110000
long term liabilities 75000
marketable securities 36000
notes payable short term 30000
property plan and equipment 625000
prepaid expenses 2000
based on the above data what is the amount of working capital?
Solution
Working Capital = Total Current Assets - Total Current Liabilities = 205,000-77,000 = $128,000
| Accounts Receivable | $65,000 |
| Cash | 30,000 |
| Inventory | 72,000 |
| Marketable securities | 36,000 |
| Prepaid expenses | 2,000 |
| Total Current Assets | $205,000 |
