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4 June, 17:43

Based on the following data, what is the amount of working capital? Accounts payable $30,000 Accounts receivable 60,000 Accrued liabilities 5,000 Cash 40,000 Intangible assets 50,000 Inventory 69,000 Long-term investments 80,000 Long-term liabilities 100,000 Marketable securities 30,000 Fixed assets 670,000 Prepaid expenses 1,000

a. $165,000

b. $30,000

c. $130,000

d. $95,000

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  1. 4 June, 19:03
    0
    a. $165,000

    Explanation:

    Total current assets=Accounts receivable+Cash+Inventory+Prepaid expenses+Temporary investments

    = (60000+40000+69000+1000+30000) = $200,000

    Total current liabilities=Accounts payable+Accrued liabilities

    = (30000+5000) = $35000

    Working capital=Total current assets-Total current liabilities

    = (200,000-35000)

    =$165000.
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