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what is the amount of working capital? given the following information. multiple choice. Listed below are year-end account balances ($ in millions) taken from the
what is the amount of working capital? given the following information. multiple choice.
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Accounts receivable Credit 680 Building and equipment 925 Cash 52 Interest receivable 46 Inventory 17 Land 164 Notes receivable (long-term) 463 Prepaid rent 39 Supplies Trademark 43 Accounts payable Accumulated depreciation Additional paid-in capital 469 Dividends payable Common stock (at par) 12 Income tax payable Notes payable (long-term) 871 Retained earnings 325 Deferred revenue TOTALS 2,439 2,439 10 586 68 25 50 33 What is the amount of working capital for Symphony? Multiple Choice $138 millions. $150 millions. $104 millions O $165 millions Step by Step Solution
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