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Use the following data to determine the total amount of working capital Can... 0 a Sno... Str... CHAPTER 2 TEST CH... Ly Aut... CH... education.wiley.com

image text in transcribed Use the following data to determine the total amount of working capital

Can... 0 a Sno... Str... CHAPTER 2 TEST CH... Ly Aut... CH... education.wiley.com 0.0 pan... sup... 00 Bard Questio.. Pay @ Whi... Use... SHOW TIMER Question 18 of 25 urrent Attempt in Progress Use the following data to determine the total amount of working capital. Cheyenne Corp. Balance Sheet December 31, 2022 Cash Accounts receivable Inventory Prepaid insurance Stock investments (long-term) La nd Buildings Less: Accumulated depreciation Goodwill Total assets $320000 (60500) $200000 147000 162000 86100 261000 261000 259500 219000 $1595600 Accounts payable Salaries and wages payable Mortgage payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $205000 27000 236000 $468000 $391600 736000 $1127600 $1595600

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