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Assume a company provided the folloang balance sheet: Current assets: Cash 5 58,000 Accounts receivable 50,000 Inventory 150,000 Total current assets 258,000 Property, plant &
Assume a company provided the folloang balance sheet: Current assets: Cash 5 58,000 Accounts receivable 50,000 Inventory 150,000 Total current assets 258,000 Property, plant & equipment, net 380,000 Total assets $638,000 What is the amount of working capital? Current liabilities: Accounts payable 5 90,000 Accrued liabilities 40,000 Total current liabilities 130,000 Bonds payable 110,000 Total liabilities 240,000 Stockholders' equity: Common stock 170,000 Retained earnings 228,000 Total stockholders' equity 398,000 Total liabilities and stockholders' equity $633,000
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