Privett Company Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 400,000 Prepaid expenses 2,000 Based on the data for Privett Company, what is the amount of working capital? Question 26 options: $213,000 $113,000 $153,000 $39,000
Privett Company Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 400,000 Prepaid expenses 2,000 Based on the data for Privett Company, what is the amount of working capital? Question 26 options: $213,000 $113,000 $153,000 $39,000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 62BE: Brief ExerciseRatio Analysis Valiant Corporation has $1,800,000 in total liabilities, $800,000 of...
Related questions
Question
Privett Company | |
Accounts payable |
$ 30,000 |
35,000 |
|
Accrued liabilities |
7,000 |
Cash |
25,000 |
Intangible assets |
40,000 |
Inventory |
72,000 |
Long-term investments |
100,000 |
Long-term liabilities |
75,000 |
Marketable securities |
36,000 |
Notes payable (short-term) |
20,000 |
Property, plant, and equipment |
400,000 |
Prepaid expenses |
2,000 |
Based on the data for Privett Company, what is the amount of working capital ?
Question 26 options:
|
$213,000
|
|
$113,000
|
|
$153,000
|
|
$39,000
|
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