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The following balance sheet information is provided for Apex Company for Year 2 Assets Cash Accounts receivable Inventory Prepaid expenses Plant and equipment, net of

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The following balance sheet information is provided for Apex Company for Year 2 Assets Cash Accounts receivable Inventory Prepaid expenses Plant and equipment, net of depreciation Land Total assets Liabilities and stockholders' equity Accounts payable Salaries payable Bonds payable (due in ten years) Common stock, no par Retained earnings Total liabilities and stockholders' equity $ 4,200 10, 350 14,100 900 18,800 12,700 $61,050 $ 2,370 8,930 8,500 20,000 21,250 $61,050 What is the company's working capital? Multiple Choice

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