Answer: $74,000
Explanation
Working Capital = Current Assets - Current Liabilities
= ($ 36,000 + 46,000 + 24,000) - $ 32,000
= $ 106,000 - 32,000
= $ 74,000
Saved Help Save & Exits Jones Company has cash of $36,000, accounts receivable of $46,000, inventory...
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Land (used in operations): $114,000
Inventory: $55,000
Accounts Receivable: $24,000
Long-Term Investment in Stocks: $36,000
Intangible Assets: $15,000
Cash: $26,000
Notes Receivable (due in 3 years): $26,000
Prepaid Expenses: $10,800
Supplies: $10,200
Trucks: $46,000
Accumulated Depreciation: $12,000
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