Homework Answers
| Correct option is: $62,000 Increase | ||||
| Workings: | ||||
| Assets | = | Liabilities | + | Stockholder's equity |
| $ 51,000 | = | $ 62,000 | + | $ -11,000 |
| Working Capital | = | $ -98.7 | ||
| Workings: | ||||
| Working Capital | = | Total Current assets | - | Total Current liabilities |
| = | $ 102.5 | - | $ 201.2 | |
| = | $ -98.7 | |||
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Question 2 2 pts If total assets increased by $51,000 and stockholders' equity decreased by $11,000...
D Question 7 1.5 pts These selected condensed data are taken from a recent balance sheet...
D Question 7 1.5 pts These selected condensed data are taken from a recent balance sheet of Jane Gray's Farms (in millions of dollars). $29.3 Cash Accounts receivable Inventory Other current assets Total current assets Total current liabilities 20.5 28.7 24.0 $102.5 $201.2 What is Jane's working capital? Round answer to 1 decimal place. If the answer is NEGATIVE, please input with a negative sign Instead of with brackets (). D Question 2 2 pts DA If total assets decreased...
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