A primary concern of a business is its “working” capital, which is the current assets minus current liabilities. It is all assets that can be turned into cash quickly, reduced by all liabilities that must be paid within the year.

1. Calculate From the following partial balance sheet, calculate the company’s working capital:

2. Compute Use spreadsheet software to make this calculation.

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Assets Liabilities Cash $17,500 Current liabilities Marketable securities 93,000 Long-term debt Accounts receivable 87,455 Partnership equity Inventories 162,000 Fixed assets 147,000 Net of depreciation $114,000 216,000 176,955