Chapter 1, Problem 5Q

Use the following data to determine the total dollar amount of assets to be classified as current assets. Marigold Corp. Balance Sheet December 31, 2025 Cash and cash equivalents Accounts receivable Inventory $67000 Accounts payable $126000 86500 Salaries and wages payable 11100 149000 Bonds payable 161500 Prepaid insurance 83000 Total liabilities 298600 Stock investments (long-term) 193000 Land 199500 Buildings $226000 Common stock 309400 Less: Accumulated depreciation (53500) 172500 Retained earnings 475500 Trademarks 133000 Total stockholders' equity 784900 Total assets $1083500 Total liabilities and stockholders' equity $1083500 ○ $269100 $385500 ○ $236500 ○ $578500

Should the machine be replaced?

Using the following balance sheet and income statement data, what is the total amount of working capital? Current assets $39700 Net income $52100 Current liabilities 19800 Stockholders' equity 96700 Average assets 198400 Total liabilities 52100 Total assets 148800 Average common shares outstanding was 18600. ○ $9900 ○ $39700 ○ $19900 ○ $12400