Question
Use the following data to determine the total amount of working capital. Swifty CorporationBalance SheetDecember 31, 2017Cash$127800 Accounts payable$173000Accounts receivable122100 Salaries and wages payable31000 Inventory200200Mortgage
Use the following data to determine the total amount of working capital.
Swifty CorporationBalance SheetDecember 31, 2017Cash$127800
Accounts payable$173000Accounts receivable122100
Salaries and wages payable31000
Inventory200200Mortgage payable265900
Prepaid insurance90400Total liabilities$469900
Stock Investments259000
Land280000Buildings$335000
Common stock$363000
Less: Accumulated depreciation(56100)278900Retained earnings730000
Trademarks204500Total stockholders' equity$1093000
Total assets$1562900
Total liabilities andstockholders' equity$1562900
$246100
$366500
$336500
$595500
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Essentials Of Advanced Financial Accounting
Authors: Richard Baker
1st Edition
0078025648, 9780078025648
