Carla Vista Co. reports the following account balances at December 31, 2022: Accounts payable $6,500 Accounts...

 

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Carla Vista Co. reports the following account balances at December 31, 2022: Accounts payable $6,500 Accounts receivable 6,000 Cash 7,900 Intangible assets 23,600 Inventory 35,700 Long-term investments 22,000 Long-term liabilities 112,000 Short-term investments 4,100 Notes payable (short-term) 13,900 Property, plant, and equipment 270,000 Prepaid insurance 1,760 Salaries and wages payable 3,100 Land held for future use 75,000 Compute the company's (a) working capital and (b) current ratio. (Round current ratio to 2 decimal places, e.g. 1.55:1.) (a) Working capital (b) Current ratio :1 Carla Vista Co. reports the following account balances at December 31, 2022: Accounts payable $6,500 Accounts receivable 6,000 Cash 7,900 Intangible assets 23,600 Inventory 35,700 Long-term investments 22,000 Long-term liabilities 112,000 Short-term investments 4,100 Notes payable (short-term) 13,900 Property, plant, and equipment 270,000 Prepaid insurance 1,760 Salaries and wages payable 3,100 Land held for future use 75,000 Compute the company's (a) working capital and (b) current ratio. (Round current ratio to 2 decimal places, e.g. 1.55:1.) (a) Working capital (b) Current ratio :1

Answer rating: 100% (QA)

a Working Capital Working capital is calculated by subtracting current liabilities from current asse... View the full answer