What is its working capital ?? If a company has current assets of $438,000 andcurrent liabilities of $193,000, what is its workingcapital?(A) $205,000(B) $251,000(C) $302,000(D) $245,000(E) $263,000

Working Capital = Current Assets - Current Liabilities Given the information:Current Assets =…

Answered: If a company has current assets of…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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Sunny Disposition, Inc. has net working capital of $32,500, current assets of $59,000, equity of $74,500, and long-term debt of $42,500. What is the amount of the net fixed assets? a. $58,000 b. $111,000 c. $94,600 d. $63,900 e. $84,500
Is the working capital $203,454, $1,026,172 or $137,053?
Presented below is the balance sheet for HHD, Inc., at December 31, 2021. Current assets $ 608,000 Investments 506,000 Property, plant, and equipment 2,056,000 Intangible assets 204,000 Total assets $ 3,374,000 Current liabilities $ 408,000 Long-term liabilities 1,046,000 Shareholders' equity 1,920,000 Total liabilities and shareholders' equity $ 3,374,000 The captions shown in the summarized statement above include the following: Current assets: cash, $152,000; accounts receivable (net), $202,000; inventory, $227,000; and prepaid insurance, $27,000. Investments: investment in equity securities, short term, $92,000, and long term, $162,000; and restricted cash, long term, $252,000. Property, plant, and equipment: buildings, $1,520,000 less accumulated depreciation, $602,000; equipment, $520,000 less accumulated depreciation, $202,000; and land, $820,000. Intangible assets net of amortization: patent, $112,000; and…
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If a company has current assets of $438,000 and current liabilities of $193,000, what is its working capital? (A) $205,000 (B) $251,000 (C) $302,000 (D) $245,000 (E) $263,000