Business, 11.05.2021 22:10 jasiyous21
Use the following data to determine the total amount of working capital.
Nash's Trading Post, LLC
Balance Sheet
December 31, 2022
Cash $125000 Accounts payable $150000
Accounts receivable 120000 Salaries and wages payable 25000
Inventory 200000 Note payable (due 2025) 265000
Short-term investments 85000 Total liabilities $440000
Land (held for future use) 250000
Land 280000
Buildings $335000 Common stock $355000
Less: Accumulated depreciation
(55000) 280000 Retained earnings 745000
Franchise 200000 Total stockholders' equity $1100000
Total assets $1540000 Total liabilities and $1540000
stockholders' equity
a. $355000
b. $270000
c. $385000
d. $605000
Answers: 3
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Use the following data to determine the total amount of working capital.
Nash's Trading Post, LLC
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