For p$1-3$:

Cash $=$$$300,000$;$AR=$$$500,000$; Inventory $=$$$800,000$; PPE $=$$$1,000,000$; Total

assets $=$$$2,600,000$;

Current liabilities $=$$$600,000$; Long$-$term liabilities $=$$$700,000$; Common stock, APIC $=$$$200,000$; Retained earnings $=$$$1,100,000$

Your answer

P$1.$ Calculate the amount of working capital:

$5$ points

Working capital $=$ Current assets $-$ Current liabilities

Your answer