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Lawrence Company has the following amounts related to its most recent year-end balance sheet: Cash $15,000 Accounts Receivable $20,000 Inventory $15,000 Plant & Equipment $150,000
Lawrence Company has the following amounts related to its most recent year-end balance sheet: Cash $15,000 Accounts Receivable $20,000 Inventory $15,000 Plant & Equipment $150,000 Total Assets $200,000 Accounts Payable $100,000 Long-Term Notes Payable $20,000 Owners' Equity $80,000 Based upon this information, what is Lawrence Company's working capital? Group of answer choices $80,000 0.35:1 ($50,000) 0.5:1
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