Based on the following data, what is the working capital? Accounts payable $ 30,000 Accounts
receivable 60,000 Accrued liabilities 5,000 Cash 40,000 Fixed assets 670,000 Intangible assets
50,000 Inventory 69,000 Long-term investments 80,000 Long-term liabilities 100,000 Prepaid
expenses 1,000 Temporary investments 30,000 a. $130,000 b. $95,000 c. $30,000 d. $165,000
Solution
Total current assets=Accounts receivable+Cash+Inventory+Prepaid expenses+Temporary
investments
=(60000+40000+69000+1000+30000)=$200,000
Total current liabilities=Accounts payable+Accrued liabilities
=(30000+5000)=$35000
Working capital=Total current assets-Total current liabilities
=(200,000-35000)
=$165000..
Based on the following data, what is the working capital Accounts p.pdf
1. Based on the following data, what is the working capital? Accounts payable $ 30,000 Accounts
receivable 60,000 Accrued liabilities 5,000 Cash 40,000 Fixed assets 670,000 Intangible assets
50,000 Inventory 69,000 Long-term investments 80,000 Long-term liabilities 100,000 Prepaid
expenses 1,000 Temporary investments 30,000 a. $130,000 b. $95,000 c. $30,000 d. $165,000
Solution
Total current assets=Accounts receivable+Cash+Inventory+Prepaid expenses+Temporary
investments
=(60000+40000+69000+1000+30000)=$200,000
Total current liabilities=Accounts payable+Accrued liabilities
=(30000+5000)=$35000
Working capital=Total current assets-Total current liabilities
=(200,000-35000)
=$165000.
