Math Problem Statement
Use the following data to determine the total amount of working capital.
Accounts receivable
Inventory
Short-term investments
Land (held for future use)
Land
Buildings
Less: Accumulated depreciation
Franchise
Total assets
$158000
Ο $264900
$388600
$362300
Ace Supply Company Balance Sheet December 31, 2025
$125900
123700
Accounts payable
Salaries and wages payable
210100
86900
251500
287500
Total liabilities
Cash
Note payable (due 2028)
266900
26300
451200
$335000
(61600)
Common stock
360500
273400
Retained earnings
759500
212200
Total stockholders' equity
1120000
Total liabilities and stockholders' equity $1571200
$1571200
$613800
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Working Capital
Balance Sheets
Current Assets
Current Liabilities
Formulas
Working Capital = Current Assets - Current Liabilities
Theorems
-
Suitable Grade Level
College/University