Privett company accounts payable $ 30,000 accounts receivable 35,000 accrued liabilities 7,000 cash 25,000 intangible assets 40,000 inventory 72,000 long-term investments 100,000 long-term liabilities 75,000 marketable securities 36,000 notes payable (short-term) 20,000 property, plant, and equipment 400,000 prepaid expenses 2,000 based on the data for privett company, what is the amount of working capital? $113,000 $153,000 $39,000 $213,000

$113,000

Explanation:

As we know ,

Working capital = Total current assets - total current liabilities

where,

Total current assets = Accounts receivable + cash + inventory + marketable securities + prepaid expenses

= $35,000 + $25,000 + $72,000 + $36,000 + $2,000

= $170,000

And, the total current liabilities = Accounts payable + accrued liabilities + short term notes payable

=  $30,000 + $7,000 + $20,000

= $57,000

Now put the values to the above formula

So, the value would  be equal  to

=  $170,000 - $57,000

= $113,000