Accounts payable $37,761 Accounts receivable 66,933 Accrued liabilities 6,965 Cash 21,705 Intangible assets 36,935 Inventory 75,

Question

2 years ago

7

Accounts payable $37,761 Accounts receivable 66,933 Accrued liabilities 6,965 Cash 21,705 Intangible assets 36,935 Inventory 75,

209 Long-term investments 99,977 Long-term liabilities 79,772 Marketable securities 32,396 Notes payable (short-term) 21,223 Property, plant, and equipment 675,470 Prepaid expenses 1,565 Based on the data for Privett Company, what is the amount of working capital? a.$1,010,190 b.$131,859 c.$197,808 d.$121,034

Business

1 answer:

Nesterboy [21] · Answer 1 · 2022-09-28T04:34:18+03:00

Nesterboy [21]2 years ago

5 0

Answer:

b.$131,859

Explanation:

Current Assets=66,933+21,705+75,209+32,396+1,565=$197,808

Current Liabilities=37,761+6,965+21,223=$65,949

Working Capital=Current Assets=Current Liabilities

=$197,808-$65,949=$131,859