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

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Math Problem Analysis

Mathematical Concepts

Working Capital
Balance Sheets
Current Assets
Current Liabilities

Formulas

Working Capital = Current Assets - Current Liabilities

Theorems

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Suitable Grade Level

College/University