The balance sheet for the Nostalgic Restorations Company is as follows: Assets Cash Government bonds (6-month maturity)

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The balance sheet for the Nostalgic Restorations Company is as follows:

Assets

Cash Government bonds (6-month maturity) Accounts receivable Inventory Equipment (net of depreciation) Total

Liabilities

Accounts payable NP current portion Long-term debt Retained earnings Total

$120,000 $ 24,000 $ 46,000 $ 35,000 $ 69,000 $294,000

$ 40,000 $ 35,000 $ 84,000 $135,000 $294,000

Calculate the amount of working capital available for Nostalgic Restorations Corporation.

a) $294,000 b) $225,000 c) $120,000 d) $150,000

Posted Date: May 19, 2024 02:18 AM

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The balance sheet for the Nostalgic Restorations Company is as follows: Assets Cash Government bonds (6-month maturity)

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