Question: For p 1 - 3 : Cash = $ 3 0 0 , 0 0 0 ; A R = $ 5 0 0 ,

For p1-3:
Cash =$300,000;AR=$500,000; Inventory =$800,000; PPE =$1,000,000; Total
assets =$2,600,000;
Current liabilities =$600,000; Long-term liabilities =$700,000; Common stock, APIC =$200,000; Retained earnings =$1,100,000
Your answer
P1. Calculate the amount of working capital:
5 points
Working capital = Current assets - Current liabilities
Your answer
For p1-3: Cash =$300,000;AR=$500,000; Inventory =$800,000; PPE =$1,000,000; Total assets =$2,600,000;

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