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.

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

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

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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