Question

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

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

Cash $ 20.00 Accounts payable $ 30.00
Short-term investments 50.00 Accruals 50.00
Accounts receivable 20.00 Notes payable    30.00
Inventory    60.00 Current liabilities $110.00
Current assets $150.00 Long-term debt 70.00
Gross fixed assets $140.00 Common stock 30.00
Accumulated deprec.    40.00 Retained earnings    40.00
Net fixed assets $100.00 Total common equity $ 70.00
Total assets $250.00 Total liab. & equity $250.00

Select the correct answer.

a. $118.70
b. $122.60
c. $123.90
d. $120.00
e. $121.30
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