Homework Answers
Solution :-
Here we need to find out the amount of Working capital .
This is the formula for amount of working capital .
Working capital = [ Accounts receivable + Cash + Inventory + Short-term investments + Prepaid insurance ] - [ Accounts payable + Notes payable (short-term) ]
Working capital = [ $132,240 + $81,200 + $160,080 + $92,800 + $2,320 ] - [ $74,240 + 64,960 ]
= $468,640 - $139,200
= $329,440
Working capital = $329,440
So , First Option is correct $329,440 .
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1. Based on the following data, what is the amount of working capital? Accounts payable....................$32,000 Accounts...
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Based on the following data for Privett Company, what is the amount of working capital? Privett...
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Accounts payable $36,210 Accounts receivable 68,782 Accrued liabilities 6,125 Cash 23,853 Intangible assets 44,527 Inventory 72,281 Long-term investments 118,145 Long-term liabilities 77,377 Marketable securities 35,004 Notes payable (short-term) 28,185 Property, plant, and equipment 615,187 Prepaid expenses 2,760 Based on the above data, what is the amount of working capital? $132,160 $980,539 $612,427 $202,680
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CUCHILALLEMPLIFIgless Based on the following data, what is the amount of current assets? Accounts payable Accounts receivable Cash Intangible assets Inventory Long-term investments Long-term liabilities Short-term investments Notes payable Property, plant, and equipment Prepaid insurance $60500 116000 74000 116000 145000 162500 210500 85000 57500 1350000 2000 $422000 $264000 $275000 $277000
View Policies Current Attempt in Progress Based on the following data, what is the amount of current assets? Accounts payable Accounts receivable Cash Intangible assets Inventory Long-term investments Long-term liabilities Short-term investments Notes payable Property, plant, and equipment Prepaid insurance $62000 124500 69000 124500 133000 169500 220000 82000 57000 1310000 2000 O $275500 O $410500 $277500 $252500 Save for Later View Policies Current Attempt in Progress Based on the following data, what is the amount of working capital? Accounts payable...
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Based on the following data for Privett Company, what is the amount of working capital? Privett Company Accounts payable $33,666 Accounts receivable 74,533 Accrued liabilities 6,614 Cash 20,940 Intangible assets 38,935 Inventory 76,403 Long-term investments 94,124 Long-term liabilities 72,792 Marketable securities 32,711 Notes payable (short-term) 29,526 Property, plant, and equipment 683,919 Prepaid expenses 2,618 Select the correct answer $1,024,183 $137,399 $207,205 $128,184
Based on the following data for Privett Company, what is the amount of quick assets? Privett Company Accounts payable $36,537 Accounts receivable 69,132 Accrued liabilities 6,597 Cash 23,234 Intangible assets 38,408 Inventory 89,428 Long-term investments 119,430 Long-term liabilities 78,929 Marketable securities 36,893 Notes payable (short-term) 28,114 Property, plant, and equipment 695,257 Prepaid expenses 1,856 Select the correct answer O $844,812 O s129,259 O $1,697,907 O 560,127
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