Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. based on the following data, what is the amount of

Based on the following data, what is the amount of working capital? The answer is...

90.2K

Verified Solution

Question

Accounting

Based on the following data, what is the amount of working capital? The answer is not 138,000

Accounts payable $30,000
Accounts receivable 65,000
Accrued liabilities 7,000
Cash 22,000
Intangible assets 40,000
Inventory 72,000
Long-term investments 100,000
Long-term liabilities 75,000
Marketable securities 36,000
Notes payable (short-term) 20,000
Property, plant, and equipment 625,000
Prepaid expenses 2,000

$140,000

$144,000

$138,000

$240,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

For what Cold War strategic reason might Turkey and Greece have been invited to join...

Biology
Q

Conjugation Transformation DNA replication Transduction Operon regulation Question 3 Which of the following connects adjacent...

Biology
Q

12 i Using Gauss Theorem derive an expression for electric field intensity at a point...

Physics
Q

Find two positive numbers whose product is 22 and whose sum is a minimum.The two...

Calculus
Q

A bridge is supported by triangular braces If the sides of each brace have lengths...

Calculus
Q

Question 1 of 8 View Policies Current Attempt in Progress...

Accounting
Q

WA EUP a. \table[[Beginning WIP Inventory (40$s complete),20,000],[Units started in production,700,000],[Units transferred out,688,000],[Ending...

Accounting
Q

Explain the definitions and differences of Competencies and Competitive Advantage

Accounting
Q

Wildhorse Co.'s balance sheet at December 31, 2021, is presented below. Wildhorse Co. Balance Sheet...

Accounting
Q

What is an example of lack of accurate and timely accounting information? What is an...

Accounting
Q

The White Bread Company bakes baguettes for distribution to upscale grocery stores. The company...

Accounting
Q

How would a purchase of $400 inventory on credit affect the income statement? ...

Accounting