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 :

The amount of working capital of the company is $289680

Compute the working capital for the company?

Working means the amount of cash resources and other liquid resources the firm has at its disposal to run its daily operations, it is computed as current assets minus current liabilities.

Current assets=accounts receivable+ cash+ inventory+ Short-term investments+ Prepaid insurance

Current assets=116280+71400+140760+ 81600+2040

Current assets=$412080

Current liabilities=accounts payable+ notes payable

current liabilities=65280+57120

current liabilities=$122400

working capital=412080-122400

working capital=$289,680

Find in the link below how to compute the working capital as a further guidance:

https://brainly.com/question/19804046

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