Zumbahlen Inc. has the following balance sheet. How much total operating capital does the firm have?Cash$ 23.00Accounts payable$ 26.00Short-term investments48.00Accruals49.00Accounts receivable21.00Notes payable 25.00Inventory 59.00 Current liabilities$100.00 Current assets$151.00Long-term debt66.00Gross fixed assets$161.00Common stock33.00Accumulated deprec. 35.00Retained earnings 78.00Net fixed assets$126.00Total common equity$ 177.00Total assets$277.00Total liab. & equity$277.00 Group of answer choices $130.90$146.30$169.40$161.70$154.00

Operating capital = ( Cash + Accounts receivable + Inventory + Net fixed assets) - ( Accounts…

Answered: Zumbahlen Inc. has the following…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

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Zumbahlen Inc. has the following balance sheet. How much total operating capital does the firm have?

Cash	$ 23.00	Accounts payable	$ 26.00
Short-term investments	48.00	Accruals	49.00
Accounts receivable	21.00	Notes payable	25.00
Inventory	59.00	Current liabilities	$100.00
Current assets	$151.00	Long-term debt	66.00
Gross fixed assets	$161.00	Common stock	33.00
Accumulated deprec.	35.00	Retained earnings	78.00
Net fixed assets	$126.00	Total common equity	$ 177.00
Total assets	$277.00	Total liab. & equity	$277.00

Group of answer choices

$130.90

$146.30

$169.40

$161.70

$154.00

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