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The following balance sheet information is provided for Apex Company for Year 2: Assets Cash Accounts receivable $ 4,600 10,750 Inventory 14,300 Prepaid expenses 1,100
The following balance sheet information is provided for Apex Company for Year 2: Assets Cash Accounts receivable $ 4,600 10,750 Inventory 14,300 Prepaid expenses 1,100 Plant and equipment, net of depreciation 19,000 Land 12,900 Total assets $62,650 Liabilities and stockholders' equity Accounts payable $ 2,490 Salaries payable 8,730 Bonds payable (due in ten years) 9,500 Common stock, no par 19,000 Retained earnings 22,930 Total liabilities and stockholders' equity $62,650 What is the company's working capital
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