ased on the data for Privett Company, what is the amount of working capital? a. $191,425 b. $130,178 C. $111.493

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.3.1P: Effect of transactions on current position analysis Data pertaining to the current position of...
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Privett Company
Accounts payable
Accounts receivable
Accrued liabilities
Cash
$31,603
60,183
6,955
18,438
39,500
78,677
111,272
79,242
32,872
22,689
644,628
1,255
Based on the data for Privett Company, what is the amount of working capital?
Oa. $191,425
Ob. $130,178
Oc. $111,493
Od. $986,825
Intangible assets
Inventory
Long-term investments
Long-term liabilities
Marketable securities
Notes payable (short-term)
Property, plant, and equipment
Prepaid expenses
Transcribed Image Text:Privett Company Accounts payable Accounts receivable Accrued liabilities Cash $31,603 60,183 6,955 18,438 39,500 78,677 111,272 79,242 32,872 22,689 644,628 1,255 Based on the data for Privett Company, what is the amount of working capital? Oa. $191,425 Ob. $130,178 Oc. $111,493 Od. $986,825 Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment Prepaid expenses
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