Harding Company Accounts payable $33,257 Accounts receivable 70,728 Accrued liabilities 6,456 Cash 22,088 Intangible assets 39,556 Inventory 78,397 Long-term investments 94,361 Long-term liabilities 78,422 Notes payable (short-term) 26,688 Property, plant, and equipment 688,801 Prepaid expenses 1,311 Temporary investments 30,930 Based on the data for Harding Company, what is the amount of working capita

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.4.10P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...
icon
Related questions
Question

Is the working capital $203,454, $1,026,172 or $137,053?

Harding Company
Accounts payable
$33,257
Accounts receivable
70,728
Accrued liabilities
6,456
Cash
22,088
Intangible assets
39,556
Inventory
78,397
Long-term investments
94,361
Long-term liabilities
78,422
Notes payable (short-term)
26,688
Property, plant, and equipment
688,801
Prepaid expenses
1,311
Temporary investments
30,930
Based on the data for Harding Company, what is the amount of working capital?
Transcribed Image Text:Harding Company Accounts payable $33,257 Accounts receivable 70,728 Accrued liabilities 6,456 Cash 22,088 Intangible assets 39,556 Inventory 78,397 Long-term investments 94,361 Long-term liabilities 78,422 Notes payable (short-term) 26,688 Property, plant, and equipment 688,801 Prepaid expenses 1,311 Temporary investments 30,930 Based on the data for Harding Company, what is the amount of working capital?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Balance Of Payment
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning