Question

From the information below,
1. List of the working capital accounts.
2. Calculate the net working capital.
Buildings ............ $100,000
Cash ................ 5,000
Trade receivables ........... 25,000
Trade and other payables ....... 40,000
Inventories ........... 50,000
Cost of sales ........... 150,000
Land .............. 500,000
Wages payable .......... 10,000
Prepaid expenses ......... 12,000
Goodwill ............ 50,000



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  • CreatedDecember 03, 2014
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