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Use the following data to determine the total amount of working capital. Vaughn Manufacturing Cash Accounts receivable Inventory Prepaid insurance Stock investments (long-term) Land
Use the following data to determine the total amount of working capital. Vaughn Manufacturing Cash Accounts receivable Inventory Prepaid insurance Stock investments (long-term) Land Buildings Less: Accumulated depreciation Goodwill Total assets Balance Sheet December 31, 2022 $187000 Accounts payable $209000 155000 Salaries and wages payable 30500 164000 Mortgage payable 245500 92100 Total liabilities $485000 265000 253000 $305000 Common stock $343100 (59000) 246000 Retained earnings 745000 Total stockholders' 211000 $1088100 equity Total liabilities and $1573100 $1573100 stockholders' equity
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