Based on the following data, what is the amount of working capital? Accounts payable $66560...

70.2K

Verified Solution

Question

Accounting

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

Accounts payable $66560

Accounts receivable 118560

Cash 72800

Intangible assets 104000

Inventory 143520

Long-term investments 166400

Long-term liabilities 208000

Short-term investments 83200

Notes payable (short-term) 58240

Property, plant, and equipment 1393600

Prepaid insurance 2080

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