Jones Company has the following information from the partial balance sheet. Current Assets: Cash and Cash...
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Jones Company has the following information from the partial balance sheet. Current Assets: Cash and Cash Equivalents Accounts Receivable, net Inventories Prepaid Rent Total Current Assets $4,500 4,000 3,000 4,200 $15,700 Current Liabilities: Accounts Payable $3,700 Current Portion Long-Term Debt 3,000 Accrued Salaries Payable 1,000 Total Current Liabilities $7,700 What is the working capital? OA. $7,000 OB. $8,000 OC. $3,000 OD. $7,700 Jones Company has the following information from the partial balance sheet. Current Assets: Cash and Cash Equivalents Accounts Receivable, net Inventories Prepaid Rent Total Current Assets $4,500 4,000 3,000 4,200 $15,700 Current Liabilities: Accounts Payable $3,700 Current Portion Long-Term Debt 3,000 Accrued Salaries Payable 1,000 Total Current Liabilities $7,700 What is the working capital? OA. $7,000 OB. $8,000 OC. $3,000 OD. $7,700
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