Question
The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. AssetsLiabilities and EquityCurrent assets:Current liabilities:Cash$67Accounts payable$232Accounts receivable (net)187Other current liabilities78Notes
The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below.
AssetsLiabilities and EquityCurrent assets:Current liabilities:Cash$67Accounts payable$232Accounts receivable (net)187Other current liabilities78Notes receivable66Total current liabilities310Inventory212Long-term liabilities98Prepaid expenses25Total liabilities408Total current assets557Shareholders' equity:Equipment (net)273Common stock134Retained earnings288Total shareholders' equity422Total assets$830Total liabilities and equity$830
Working capital is:
?
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College Accounting Chapters 1- 9
Authors: James A Heintz, Robert W Parry
23rd Edition
1337794783, 978-1337794787
