The balance sheet for Simmons Corporation reported the following: Non-current assets: $160,000 • Total assets: $420,000 . Non-current liabilities: $270,000 . Total stockholders' equity: $95,000 Required: Compute Simmons' working capital.

Managerial Accounting: The Cornerstone of Business Decision-Making
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Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 17BEA: Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of...
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The balance sheet for simmons corporation reported the following

The balance sheet for
Simmons
Corporation reported the following:
Non-current assets: $160,000
•
Total assets: $420,000
. Non-current liabilities: $270,000
. Total stockholders' equity: $95,000
Required: Compute Simmons' working
capital.
Transcribed Image Text:The balance sheet for Simmons Corporation reported the following: Non-current assets: $160,000 • Total assets: $420,000 . Non-current liabilities: $270,000 . Total stockholders' equity: $95,000 Required: Compute Simmons' working capital.
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