From the information below, 1. List of the working capital accounts. 2. Calculate the net working capital.
Question:
From the information below,
1. List of the working capital accounts.
2. Calculate the net working capital.
Buildings ……………………………… $100,000
Cash …………………………………... 5,000
Trade receivables ……………………... 25,000
Trade and other payables …………….. 40,000
Inventories …………………………… 50,000
Cost of sales …………………………. 150,000
Land …………………………………. 500,000
Wages payable ………………………. 10,000
Prepaid expenses ……………………. 12,000
Goodwill ……………………………. 50,000
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1 Current assets Inventories 50000 Trade receivables 25000 Prepaid expenses 12000 Cash 5000 Total ...View the full answer
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