Determine the ending capital balance of a business that has: 

Initial capital of $50,000

Without investments or withdrawals Beginning inventory of $10,000 

Net purchases of $90,000 

Ending inventory of $12,000 

Operating expenses of $72,000 

Net sales $190,000

Answer rating: 100% (QA)

First we can calculate the cost of goods sold COGS Beginning inventory Net purchases ... View the full answer