Question

Use the information below for Harding Company to answer the question that follow. Harding Company Accounts...

Use the information below for Harding Company to answer the question that follow.

Harding Company
Accounts payable $39,320
Accounts receivable 67,705
Accrued liabilities 6,232
Cash 23,037
Intangible assets 41,193
Inventory 84,505
Long-term investments 96,571
Long-term liabilities 77,519
Marketable securities 34,918
Notes payable (short-term) 21,475
Property, plant, and equipment 686,188
Prepaid expenses 1,937

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

a.$145,075

b.$684,251

c.$212,102

d.$1,036,054

Homework Answers

Answer #1

Answer: a.$145,075

Explanation

Working capital
Current Assets - Current Liabilities = Working capital
$       212,102.00 - $              67,027.00 = $    145,075.00

Current assets

Cash    23,037.00
Accounts receivable    67,705.00
Inventories    84,505.00
Marketable Securities    34,918.00
Prepaid Expenses      1,937.00
Total 212,102.00
Current Liabilities
Accounts Payable    39,320.00
Accrued Liabilities      6,232.00
Notes Payable (Short term)    21,475.00
Total    67,027.00
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