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BobCat Inc. has cash of $22,000, accounts receivable of $78,000, inventory of $62,000, prepaid insurance...

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Accounting

BobCat Inc. has cash of $22,000, accounts receivable of $78,000, inventory of $62,000, prepaid insurance 8,000 and land of $90,000. The company has only one current liability account- salary payable of $64,000, what is working capital?

  • A. $90,000

  • B. $106,000

  • C. $112,000

  • D. $38,000

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