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Use this information to answer the following questions. (Show your calculations) Accounts payable $ 300,000 Accounts receivable 400,000 Cash 35,000 Marketing expense 55,000 Notes payable
Use this information to answer the following questions. (Show your calculations) Accounts payable $ 300,000 Accounts receivable 400,000 Cash 35,000 Marketing expense 55,000 Notes payable 40,000 Equipment 200,000 Long-term loan 100,000 Capital assets 75,000 Inventory 500,000 Wages payable 60,000 Taxes payable 10,000 Sales Revenue 1,500,000 a. What are the total current assets? b. What are the total current liabilities? c. What is the net working capital? d. What are the long-term liabilities
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