Use the information below for Harding Company to answer the question that follow. Harding Company Accounts...

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Use the information below for Harding Company to answer the question that follow. Harding Company Accounts...

Use the information below for Harding Company to answer the question that follow.

Harding Company
Accounts payable	$29,326
Accounts receivable	68,035
Accrued liabilities	6,348
Cash	18,912
Intangible assets	40,462
Inventory	87,761
Long-term investments	90,008
Long-term liabilities	75,920
Marketable securities	36,002
Notes payable (short-term)	22,258
Property, plant, and equipment	624,553
Prepaid expenses	2,032

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

business accounting

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Answer 1

Answer #1

Calculation of Working capital:

Working capital = Current asset - current liability

Current asset = 68,035+18,912+87,761+36,002+2,032 = 212,742

Current liabilities = 29,326+6,348+22,258 = 57,932

Working Capital = 212,742-57,932 = 154,810

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Answer 2

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