Line Item Description Amount Accounts payable $30,851 Accounts receivable...

90.2K

Verified Solution

Question

Accounting

Line Item Description Amount
Accounts payable $30,851
Accounts receivable 72,666
Accrued liabilities 6,937
Cash 15,864
Intangible assets 41,389
Inventory 75,216
Long-term investments 96,237
Long-term liabilities 70,622
Marketable securities 32,859
Notes payable (short-term) 25,186
Prepaid expenses 2,689
Property, plant, and equipment 619,583

Based on the data for Privett Company, what is the amount of working capital?

a. $199,294

b. $121,389

c. $136,320

d. $956,503

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