Xitin Inc. has the following balance sheet. How much total operating capital does the firm have?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Xitin Inc. has the following balance sheet. How much total operating capital does the firm
have?
Cash
$ 63.00
Accounts payable
$ 515.00
Short-term investments
117.00
Accruals
281.00
Accounts receivable
246.00
Notes payable
122.00
Inventory
392.00
Current liabilities
$918.00
Current assets
$818.00
Long-term debt
246.00
Gross fixed assets
$647.00
Common stock
56.00
Accumulated depreciation
77.00
Retained earnings
Net fixed assets
Total assets
$475
O $470
$552
$665
O $670
168.00
$570.00
Total common equity
$224.00
$1,388.00
Total liab. & equity
$1,388.00
Transcribed Image Text:Xitin Inc. has the following balance sheet. How much total operating capital does the firm have? Cash $ 63.00 Accounts payable $ 515.00 Short-term investments 117.00 Accruals 281.00 Accounts receivable 246.00 Notes payable 122.00 Inventory 392.00 Current liabilities $918.00 Current assets $818.00 Long-term debt 246.00 Gross fixed assets $647.00 Common stock 56.00 Accumulated depreciation 77.00 Retained earnings Net fixed assets Total assets $475 O $470 $552 $665 O $670 168.00 $570.00 Total common equity $224.00 $1,388.00 Total liab. & equity $1,388.00
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