Question: ABC Inc. has the following data on its year end Balance Sheet: Assets Cash $10,000 Inventory $15,000 Property, Plant, Equipment (net) $500,000 Total Assets $525,000
ABC Inc. has the following data on its year end Balance Sheet: Assets Cash $10,000 Inventory $15,000 Property, Plant, Equipment (net) $500,000 Total Assets $525,000 Liabilities Accounts Payable Long Term Note Payable $6,000 $300,000 Total Liabilities $306,000 Stockholder's Equity Common Stock Additional Paid in Capital Retained Earnings Total Stockholder's Equity $1,000 $10,000 $208,000 $219,000 Total Liabilities and Stockholder's Equity $525,000 What is ABC Inc.'s working capital? O $25,000 O $19,000 0 $4,000 O $6,000
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
