Use the following information to answer the question At December 31 a company's records show the...

  

Transcribed Image Text:

Use the following information to answer the question At December 31 a company's records show the following information: $ 10,000 Cash Accounts Receivable 30,000 Inventory 80,000 Prepaid Insurance 6,000 Long-term Assets 200,000 Accounts Payable 30,000 Notes Payable due in 10 months 25,000 Wages Payable 5,000 Long-term Liabilities 70,000 Stockholders' (Owner's) Equity 196,000 The company's working capital is $60,000 $66,000 $196,00 None of the above Use the following information to answer the question At December 31 a company's records show the following information: $ 10,000 Cash Accounts Receivable 30,000 Inventory 80,000 Prepaid Insurance 6,000 Long-term Assets 200,000 Accounts Payable 30,000 Notes Payable due in 10 months 25,000 Wages Payable 5,000 Long-term Liabilities 70,000 Stockholders' (Owner's) Equity 196,000 The company's working capital is $60,000 $66,000 $196,00 None of the above

Answer rating: 100% (QA)

The Companys working Capital is Current Assets Liabilitie Cas... View the full answer