A corporation reports the following year-end balance sheet data. The company's working capital equals: Cash $ 55,000 Cur
Posted: Sun Jun 05, 2022 8:29 pm
A corporation reports the following year-end balance sheet data.
The company's working capital equals: Cash $ 55,000 Current
liabilities $ 90,000 Accounts receivable 70,000 Long-term
liabilities 50,000 Inventory 75,000 Common stock 115,000 Equipment
160,000 Retained earnings 105,000 Total assets $ 360,000 Total
liabilities and equity $ 360,000
The company's working capital equals: Cash $ 55,000 Current
liabilities $ 90,000 Accounts receivable 70,000 Long-term
liabilities 50,000 Inventory 75,000 Common stock 115,000 Equipment
160,000 Retained earnings 105,000 Total assets $ 360,000 Total
liabilities and equity $ 360,000