Use the information below for Privett Company to answer the questions that follow. ​ 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? Group of answer choices

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Use the information below for Privett Company to answer the questions that follow.

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?
Group of answer choices
 
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Working Capital = Total current assets - Total current liabilities

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