Lawrence Company has the following amounts related to its most recent year-end balance sheet: Cash...
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Accounting
Lawrence Company has the following amounts related to its most recent year-end balance sheet: Cash $15,000 Accounts Receivable $20,000 Inventory $15,000 Plant & Equipment $150,000 Total Assets $200,000 Accounts Payable $100,000 Long-Term Notes Payable $20,000 Owners Equity $80,000 Based upon this information, what is Lawrence Companys working capital?
Group of answer choices
$80,000
0.35:1
0.5:1
($50,000)
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