Working Capital Deferred sales revenue $ 900 Accounts payable 1,100 Accounts receivable 1,700 Cash 360 Sales 10,000
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Question:
Working Capital
Deferred sales revenue | $ | 900 |
Accounts payable | 1,100 | |
Accounts receivable | 1,700 | |
Cash | 360 | |
Sales | 10,000 | |
Accrued wages payable | 375 | |
Sales returns and allowances | 700 | |
Bonds payable (to be repaid in 6 months) | 1,000 | |
Bonds payable (to be repaid in 5 years) | 4,000 |
Using the information provided above, compute:
Working capital. Use minus sign to enter negative amount, if any.
Show how you calculate working capital
Related Book For
Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
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