Question
Train Company's balance sheet included cash ($4,000,000), accounts receivable ($16,000,000), inventories ($10,000,000), prepaid expenses ($2,000,000), accounts payable ($9,000,000), and accrued expenses ($7,000,000). Working capital is
Train Company's balance sheet included cash ($4,000,000), accounts receivable ($16,000,000), inventories ($10,000,000), prepaid expenses ($2,000,000), accounts payable ($9,000,000), and accrued expenses ($7,000,000). Working capital is ___________.
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Collaborative Auditing
Authors: James Pelletier, Yuki Matsuura
2nd Edition
0894139606, 9780894139604
