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The You-Are-My-Destiny Inn has the following current balance sheet accounts: Cash $10,000 Accounts Receivable 200,000 Accounts Payable 50,000 Inventory 20,000 Prepaid Expenses 10,000 Wages Payable
The You-Are-My-Destiny Inn has the following current balance sheet accounts: Cash $10,000 Accounts Receivable 200,000 Accounts Payable 50,000 Inventory 20,000 Prepaid Expenses 10,000 Wages Payable 30,000 1) Based on the Inn's balance sheet above, determine the Inn's total current assets and current liabilities. Current Asset: $240,000 Current Liabilities: $80,000 Current Asset: $80,000 Current Liabilities: $240,000 O Current Asset: $230,000 Current Liabilities: $90,000 O Current Asset: $90,000 Current Liabilities: $320,000 The You Are My Destiny Inn has the following current balance sheet accounts: Cash $10,000 Accounts Receivable 200,000 Accounts Payable Inventory 20,000 10,000 Prepaid Expenses Wages Payable 30,000 2) Based on the Inn's balance sheet above, determine the Inn's net working capital. Net Working Capital = Current assets - Current liabilities ($30,000) O $30,000 O $160,000 O $320,000
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