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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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