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Use the following data to determine the total amount of working capital. Marigold Corp. Balance Sheet December 31, 2017 Cash $194000 Accounts payable Salaries and
Use the following data to determine the total amount of working capital. Marigold Corp. Balance Sheet December 31, 2017 Cash $194000 Accounts payable Salaries and wages payable $203000 Accounts receivable 31500 154000 Inventory 172000 Mortgage payable Total liabilities 236000 Prepaid insurance 89600 $470500 Stock investments (long-term) 265000 Land 284000 Buildings Less: Accumulated depreciation Common stock Retained earnings $322000 $414100 (60500) 261500 746500 Trademarks 211000 Total stockholders' equity $1160600 Total liabilities and stockholders' equity Total assets $1631100 $1631100 $145100 $195100 $405100 $375100
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