Privett Company Accounts payable $30,770 Accounts receivable 70,611 Accrued liabilities 6,665 Cash 19,174 Intangible assets 41,967...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Privett Company Accounts payable $30,770 Accounts receivable 70,611 Accrued liabilities 6,665 Cash 19,174 Intangible assets 41,967 Inventory 89,243 Long-term investments 92,028 Long-term liabilities 75,813 Marketable securities 32,663 Notes payable (short-term) 21,337 Prepaid expenses 1,791 Property, plant, and equipment 632,264 Based on the data for Privett Company, what is the amount of working capital? a. $122,448 b. $213,482 c. $979,741 d. $154,710 Privett Company Accounts payable $30,770 Accounts receivable 70,611 Accrued liabilities 6,665 Cash 19,174 Intangible assets 41,967 Inventory 89,243 Long-term investments 92,028 Long-term liabilities 75,813 Marketable securities 32,663 Notes payable (short-term) 21,337 Prepaid expenses 1,791 Property, plant, and equipment 632,264 Based on the data for Privett Company, what is the amount of working capital? a. $122,448 b. $213,482 c. $979,741 d. $154,710
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Amato is preparing a resume to apply for a higher-level management position with Amato's current company. The position Amato is applying for is in a different location from Amato's current job. What...
-
Several years ago, Bennett, Inc., bought a portion of the outstanding bonds of Smith Corporation, a subsidiary organization. The acquisition was made from an outside party. In the current year, how...
-
At the end of the prior year, Durney's Outdoor Outfitters reported the following information. Accounts Receivable, Dec. 31 prior year Accounts Receivable (Gross)(A)........................ $48,067...
-
Given the current period's operating results, the Show-Me Company has estimated that the probability of its process being in a controlled situation is \(90 \%\) and the probability of an...
-
Morton Motor Company faced the following situations. Journalize the adjusting entry needed at December 31, 2012, for each situation. Consider each fact separately. a. The business has interest...
-
A year and one-half ago Merck, a large pharmaceutical company, announced the findings of their experiment on Paxlovid, a new drug's effect on Covid 19 patients. There were 860 unvaccinated...
-
Imagine you are riding a carousel or a merry-go-round*, and you are standing halfway between the center and the edge. 1. How would your angular speed change (if at all) if you moved to the edge of...
-
A candy company needs to purchase a new piece of manufacturing equipment. Vendor 1 has equipment that is priced at $150,000, has a capacity of 100 tons per day, and uses $1,000 in power consumption...
-
What is the inventory turnover for 2020? The following information is available for Marigold Company: 2020 2019 Accounts receivable $360000 $333000 Inventory 300000 400000 Net credit sales 3050000...
-
Can you elucidate the role of financial institutions as catalysts for inclusive economic growth and development, examining their contributions to financial inclusion, small and medium-sized...
-
Fleet Street Incorporated a manufacturer of high-fashion clothing for women, is located in South London in the UK. Its product line consists of trousers (28%), skirts (34%), dresses (15%), and other...
-
How can Cost-push inflation be explained ? Explain.
-
Larry and his twin sister, Lara both turned nineteen (19) on October 1, 2020 (both are resident of Quebec). On October 15, 2020, they just inherited money ($30,000 each) from their grandfathers...
-
How can you tell from the vertex form y = a(x - h) 2 + k whether a quadratic function has no real zeros?
Study smarter with the SolutionInn App