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Use the following data to determine the total amount of working capital. Alpha Co. Balance Sheet December 31, 2013 Cash $192000 Accounts payable $204000 Accounts
Use the following data to determine the total amount of working capital.
| Alpha Co. | |||||
| Balance Sheet | |||||
| December 31, 2013 | |||||
| Cash | $192000 | Accounts payable | $204000 | ||
| Accounts receivable | 142000 | Salaries and wages payable | 31500 | ||
| Inventory | 170000 | Mortgage payable | 244500 | ||
| Prepaid insurance | 90600 | Total liabilities | $480000 | ||
| Stock investments | 255000 | ||||
| Land | 298000 | ||||
| Buildings | $323000 | Common stock | $396100 | ||
| Less: Accumulated depreciation | (65000) | 258000 | Retained earnings | 743500 | |
| Trademarks | 214000 | Total stockholders' equity | $1139600 | ||
| Total assets | $1619600 | Total liabilities and stockholders' equity | $1619600 | ||
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The Life Audit Take Control Of Your Life Now Every Minutes Counts
Authors: Caroline Righton
1st Edition
978-0340836781
