business accounting quiz show work

Project Description:

based on the following data, what is the amount of working capital?

accounts payable……………………………………………………….. $31,000
accounts receivable…………………………………………………….. 57,000
cash………………………………………………………………………. 15,000
intangible assets………………………………………………………… 50,000
inventory…………………………………………………………………. 69,000
long-term investments…………………………………………………. 80,000
long-liabilities……………………………………………………………. 100,000
short-term investments……………………………………………………. 40,000
notes payable (short-term)……………………………………………… 28,000
plant assets……………………………………………………………… 670,000
prepaid expenses……………………………………………………….. 1,000






student answer: correct $123,000.
incorrect $151,000
$203,000.
$53,000.
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