Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following balance sheet information is provide

The following balance sheet information is provided for Apex Company for Year 2: ...

70.2K

Verified Solution

Question

Accounting

The following balance sheet information is provided for Apex Company for Year 2:

Assets
Cash $ 5,800
Accounts receivable 11,950
Inventory 14,900
Prepaid expenses 1,700
Plant and equipment, net of depreciation 19,600
Land 13,500
Total assets $ 67,450
Liabilities and stockholders' equity
Accounts payable $ 2,850
Salaries payable 8,130
Bonds payable (due in ten years) 12,500
Common stock, no par 16,000
Retained earnings 27,970
Total liabilities and stockholders' equity $ 67,450

What is the company's working capital?

Multiple Choice

$22,300

$5,300

$19,700

$23,370

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

3. Describe the \"flow of anxiety\" concept and differentiate between the vertical and horizontal stressors.

Psychology
Q

When trying to understand what makes a successful innovator or entrepreneur, many different types of individual...

General Management
Q

1 Using sociology as an analytical foundation respond to the following questions a Should intersex...

Biology
Q

The atmosphere is currently composed of 21 oxygen and 0 03 carbon dioxide Photosynthesis cellular...

Biology
Q

A parallel plate capacitor is made from two aluminium foil sheets each 3 00 cm...

Physics
Q

x 1 7 in T 6 in What is the volume of a right rectangular...

Geometry
Q

The table below summarizes results from an experiment in which subjects were classified as asthmatic...

Basic Math
Q

K Fill in each blank so tha In the metric system 1 1 cm m...

Calculus
Q

bloom inc issued bonds dated may 31 2020, on July 1, 2020 with a face...

Accounting
Q

On January 1, 2018, Westside Sales issued $19,000 in bonds for $20,800. These are eight-year...

Accounting
Q

What are some advantages and disadvantages of using a standard cost system?

Accounting
Q

Assignment 1: \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Accounts Payable } & \multicolumn{2}{c|}{ Acct. No. 211} \\ \hline...

Accounting