11. Ariel Corporation reports the following year-end balance sheet data. The company's working capital equals: Cash Accounts receivable Inventory Equipment Total assets (A) $80,000 (B) $155,000 (C) $75,000 (D) $300,000 (E) $190,000 $40,000 55,000 60,000 Current liabilities Long-term liabilities Common stock 145,000 Retained earnings $ 300,000 Total liabilities and equity $ 75,000 35,000 100,000 90,000 $ 300,000
11. Ariel Corporation reports the following year-end balance sheet data. The company's working capital equals: Cash Accounts receivable Inventory Equipment Total assets (A) $80,000 (B) $155,000 (C) $75,000 (D) $300,000 (E) $190,000 $40,000 55,000 60,000 Current liabilities Long-term liabilities Common stock 145,000 Retained earnings $ 300,000 Total liabilities and equity $ 75,000 35,000 100,000 90,000 $ 300,000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...
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Question
![11. Ariel Corporation reports the following year-end balance sheet data. The company's working
capital equals:
Cash
Accounts receivable
Inventory
Equipment
Total assets
(A) $80,000
(B) $155,000
(C) $75,000
(D) $300,000
(E) $190,000
$40,000
55,000
60,000
Current liabilities
Long-term liabilities
Common stock
145,000
Retained earnings
$ 300,000 Total liabilities and equity
$ 75,000
35,000
100,000
90,000
$ 300,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6035f1a2-2c03-490a-9469-88f7b64e730f%2F97318ab0-78ee-4917-aef6-c46f2c4f2903%2Fu00rft_processed.png&w=3840&q=75)
Transcribed Image Text:11. Ariel Corporation reports the following year-end balance sheet data. The company's working
capital equals:
Cash
Accounts receivable
Inventory
Equipment
Total assets
(A) $80,000
(B) $155,000
(C) $75,000
(D) $300,000
(E) $190,000
$40,000
55,000
60,000
Current liabilities
Long-term liabilities
Common stock
145,000
Retained earnings
$ 300,000 Total liabilities and equity
$ 75,000
35,000
100,000
90,000
$ 300,000
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