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Use the following data to determine the total amount of working capital. Carne Auto Supplies Balance Sheet December 31, 2022 Cash and cash equivalents
Use the following data to determine the total amount of working capital. Carne Auto Supplies Balance Sheet December 31, 2022 Cash and cash equivalents $70000 Accounts payable $130000 Accounts receivable 100000 Salaries and wages payable 20000 Inventory 140000 Bonds payable 180000 Prepaid insurance 80000 Total liabilities $330000 Stock investments 180000 Land 190000 Buildings $230000 Common stock $240000 Less: Accumulated (60000) 170000 Retained earnings 500000 depreciation Total stockholders' Trademarks 140000 $740000 equity Total liabilities and Total assets $1070000 stockholders' equity $240000 $420000 $160000 $260000 $1070000
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