Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Accounts payable $ 30,000 Accounts receivable 62,000 Accrued liabilities 4,000 Cash 38,000 Intangible assets 40,000 Inventory 75,000 Long-term investments 110,000 Long-term liabilities 75,000 Marketable securities
Accounts payable | $ 30,000 |
Accounts receivable | 62,000 |
Accrued liabilities | 4,000 |
Cash | 38,000 |
Intangible assets | 40,000 |
Inventory | 75,000 |
Long-term investments | 110,000 |
Long-term liabilities | 75,000 |
Marketable securities | 40,000 |
Notes payable (short-term) | 33,000 |
Property, plant, and equipment | 645,000 |
Prepaid expenses | 4,000 |
Based on the above data, what is the amount of working capital?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started