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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