The following balance sheet information is provided for apex company for year 2: assets: -cash $5,400-accounts receivable $15,500-inventory $18,000-prepaid expenses $1,600-plant and equipment, net of depreciation $20,200-land $19,950total assets $80,650liabilities and stockholders' equity-accounts payable $4,500-salaries payable $11,500-bonds payable (due in ten years) $19,000-common stock, no par $30,000-retained earnings $15,650total liabilities and stockholders' equity $80,650what is the company's working capital?

The company's working capital is $24,500

Explanation:

Working capital: The working capital is the capital which show a difference between current assets and the current liabilities

In mathematically,

Working capital = Current assets - current liabilities

So,

The current assets equals to

= Cash + accounts receivable + inventory + prepaid expenses

= $5,400 + $15,500 + $18,000 + $1,600

= $40,500

And, The current liabilities equals to

= Accounts payable + salaries payable

= $4,500 + $11,500

= $16,000

So, the working capital is

= $40,500 - $16,000

= $24,500

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.