Ariel Corporation reports the following year-endbalance sheet data. The company's working capitalequals:CashAccountsreceivable$Current54,000 liabilitiesLong-termliabilitiesInventory 74,000 Common stock 114,000RetainedearningsTotal assetsEquipment 159,000$218,000$197,000$356,000$108,000$89,00069,000$89,000$356,000 and equity49,000104,000Total liabilities $356,000

Working capital is the amount available for paying short term obligations.It can be calculated by…

Ariel Corporation reports the following year-end balance sheet data. The company's working capital equals: Cash Accounts receivable Inventory Total assets $ Current 54,000 liabilities Equipment 159,000 $218,000 $197,000 $356,000 $108,000 $89,000 Long-term liabilities 74,000 Common stock 114,000 Retained earnings 69,000 Total liabilities $ 89,000 $ 356,000 and equity 49,000 104,000 $ 356,000

Ariel Corporation reports the following year-end balance sheet data. The company's working capital equals: Cash Accounts receivable Inventory Total assets $ Current 54,000 liabilities Equipment 159,000 $218,000 $197,000 $356,000 $108,000 $89,000 Long-term liabilities 74,000 Common stock 114,000 Retained earnings 69,000 Total liabilities $ 89,000 $ 356,000 and equity 49,000 104,000 $ 356,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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