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Based on the following data, what is the amount of working capital?

Accounts payable $65280
Accounts receivable 116280
Cash 71400
Intangible assets 102000
Inventory 140760
Long-term investments 163200
Long-term liabilities 204000
Short-term investments 81600
Notes payable (short-term) 57120
Property, plant, and equipment 1366800
Prepaid insurance 2040

$377400

$332520

$289680

$338640

Respuesta :

Parrain

Based on the given figures on the assets and the liabilities of the company, the working capital is $289,680.

What is the working capital?

This can be found as:
= Current assets - Current liabilities

= ( Inventory + Cash + Accounts receovebale + Prepaid insurance + Short-term investments) - ( Accounts payable + Notes payable (short-term)

Solving gives:

= (140,760 + 71,400 + 116,280 + 2,040 + 81,600) - (65,280 + 57,120)

= $289,680

Find out more on working capital at https://brainly.com/question/26214959.

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