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Privett Company   Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 400,000 Prepaid expenses 2,000 ​ ​ Based on the data for Privett Company, what is the amount of working capital?   Question 26 options:   $213,000   $113,000   $153,000   $39,000

Privett Company   Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 400,000 Prepaid expenses 2,000 ​ ​ Based on the data for Privett Company, what is the amount of working capital?   Question 26 options:   $213,000   $113,000   $153,000   $39,000

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 62BE: Brief ExerciseRatio Analysis Valiant Corporation has $1,800,000 in total liabilities, $800,000 of...
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Privett Company  
Accounts payable

$ 30,000
Accounts receivable

35,000
Accrued liabilities

7,000
Cash

25,000
Intangible assets

40,000
Inventory

72,000
Long-term investments

100,000
Long-term liabilities

75,000
Marketable securities

36,000
Notes payable (short-term)

20,000
Property, plant, and equipment

400,000
Prepaid expenses

2,000

​

​


Based on the data for Privett Company, what is the amount of working capital?
 

Question 26 options:

 
$213,000
 
$113,000
 
$153,000
 
$39,000
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