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The selected accounts above are from TJ Supplys balance sheet. What is TJ Supplys working capital? Cash $40,000 Accounts receivable $120,000 Inventory $300,000 Prepaid rent

The selected accounts above are from TJ Supplys balance sheet. What is TJ Supplys working capital?

Cash

$40,000

Accounts receivable $120,000
Inventory $300,000
Prepaid rent $2,000
Accounts payable $150,000
Salaries payable $7,000
Long-term bonds payable $200,000

The selected accounts above are from TJ Supplys balance sheet. What is TJ Supplys working capital?

(A) $40,000incorrect

(B) $105,000

(C) $160,000

(D) $305,000

(E) $462,000

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