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For the following balance sheet, compute the company's working capital. Current Assets Current Liabilities $ 80,000 Cash $ 60,000 Long-term Liabilities $ 90,000 Accounts Receivable
For the following balance sheet, compute the company's working capital.
Current Assets | Current Liabilities | $ 80,000 | |||
Cash | $ 60,000 | Long-term Liabilities | $ 90,000 | ||
Accounts Receivable | $ 25,000 | ||||
Inventory | $ 40,000 | Total Liabilities | $ 170,000 | ||
Total current assets | $ 125,000 | ||||
Equity | |||||
Long Term Assets | Common Stock | $ 150,000 | |||
Buildings | $ 150,000 | Additional Paid in Capital | $ 70,000 | ||
Equipment | $ 60,000 | Retained Earnings | $ 45,000 | ||
Land | $ 100,000 | Total StockH Equ | $ 265,000 | ||
Total long-term assets | $ 310,000 | ||||
Total Assets | $ 435,000 | Total L + SE | $ 435,000 |
Group of answer choices
$265,000
$35,000
$45,000
1.5625
$(20,000)
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