From the following data, taken from the balance sheet of Petey's Widget Factory, determine the working capital,
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Cash ......................................................................$ 90,000
Net accounts and notes receivable ................... 175,000
Retailers' inventories ........................................... 210,000
Prepaid expenses ..................................................... 6,000
Accounts and notes payable (short term) ......... 322,000
Accumulated liabilities ........................................... 87,000 Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Working capital 90000 175000 210000 ...View the full answer
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Related Book For 
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
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