Calculate working capital for Angelinas company. Describe how her level of working capital might affect her business
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Angelina's Jewelry Company Balance Sheet July 30, 2014 ASSETS Current Assets Cash S10,000 10,000 10,000 Inventory Other Current Assets (Securities Total Current Assets Long-Term Assets TOTAL ASSETS LIABILUTIES Short-Term Liabilities $30,000 20000 S100,000 Accounts Payable (AP) S10,000 Short-Term Loans Total Short-Term Liabilities Total Long-Torm Liabilitios OWNER'S EQUITY TOTAL LIABILITIES+OWNER'S EQUITY 5,000 $15,000 15,000 0,000 S100,000
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3000 Current Assets 1500 Current Liabilities 1500 in Working Capital Ang...View the full answer
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Related Book For
Entrepreneurship & Small Business Management
ISBN: 978-0133767186
2nd edition
Authors: Steve Mariotti, Caroline Glackin
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