37 Privett CompanyAccounts payableAccounts receivableAccrued liabilitiesCash$31,60360,1836,95518,43839,50078,677111,27279,24232,87222,689644,6281,255Based on the data for Privett Company, what is the amount of working capital?Oa. $191,425Ob. $130,178Oc. $111,493Od. $986,825Intangible assetsInventoryLong-term investmentsLong-term liabilitiesMarketable securitiesNotes payable (short-term)Property, plant, and equipmentPrepaid expenses

Introduction:- Ratio analysis used identify the business performance of the company. It is used to measure financial ability of the company. It is used by investors to assess the paying ability of the company. It plays vital role in every business. Explanations:- Calculation of working capital as follows under:- Working capital is the difference between a company's current assets and current liabilities. Working capital =Current assets - Current liabilities =$191,425-$61,247 =$130,178 Notes:- Current assets =Cash + Marketable securities + Accounts receivables + Inventory + Prepaid expenses =$18,438+$32,872+$60,183+$78,677+$1,255 =$191,425 Current liabilities =Accounts payable + Notes payable + Accrued liabilities =$31,603+$22,689+$6,955 =$61,247 Conclusion:- As per the above discussions option "b" is the correct answer, which satisfies the given requirement and remaining options do not satisfy the given requirement... I hope helpful to you… If you are satisfied... Support me... Thank you...

Answered: ased on the data for Privett Company,…

Business

Accounting

ased on the data for Privett Company, what is the amount of working capital? a. $191,425 b. $130,178 C. $111.493

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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