A corporation reports the following year-end balance sheet data. The company's working capital equals: Cash $...
A corporation reports the following year-end balance sheet data. The company's working capital equals:
| Cash | $ | 43,000 | Current liabilities | $ | 78,000 | ||
| Accounts receivable | 58,000 | Long-term liabilities | 38,000 | ||||
| Inventory | 63,000 | Common stock | 103,000 | ||||
| Equipment | 148,000 | Retained earnings | 93,000 | ||||
| Total assets | $ | 312,000 | Total liabilities and equity | $ | 312,000 | ||
Multiple Choice
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$86,000
-
$196,000
-
$78,000
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$312,000
-
$164,000
Homework Answers
The company's Working Capital
Working Capital = Total Current Assets – Total Current Liabilities
= [Cash + Accounts Receivables + Inventory] – Total Current Liabilities
= [$43,000 + $58,000 + $63,000] - $78,000
= $164,000 - $78,000
= $86,000
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