how do i determine the working capital from the following informationSunland CompanyBalance SheetDecember 31, 2022Assets Current assets Cash $ 61,800 Debt investments 87,000 Accounts receivable (net) 169,800 Inventory 155,150 Total current assets 473,750Plant assets (net) 570,000Total assets $ 1,043,750Liabilities and Stockholders’ Equity Current liabilities Accounts payable $ 153,500 Income taxes payable 36,000 Total current liabilities 189,500Bonds payable 186,250 Total liabilities 375,750Stockholders’ equity Common stock 351,000 Retained earnings 317,000 Total stockholders’ equity 668,000Total liabilities and stockholders’ equity $1,043,750

Working capital is the metric that helps in indicating the short-term position of an entity.

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Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

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Problem 20BEA: The income statement, statement of retained earnings, and balance sheet for Somerville Company are...

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how do i determine the working capital from the following information

Sunland Company Balance Sheet December 31, 2022
Assets
Current assets
Cash		$ 61,800
Debt investments		87,000
Accounts receivable (net)		169,800
Inventory		155,150
Total current assets		473,750
Plant assets (net)		570,000
Total assets		$ 1,043,750
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable		$ 153,500
Income taxes payable		36,000
Total current liabilities		189,500
Bonds payable		186,250
Total liabilities		375,750
Stockholders’ equity
Common stock		351,000
Retained earnings		317,000
Total stockholders’ equity		668,000
Total liabilities and stockholders’ equity		$1,043,750

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