Based on the following data, what is the amount of working capital??Accounts…
Based on the following data, what is the amount of working capital?Accounts payable………………………………………………………..$64,000Accounts receivable……………………………………………………..114,000Cash………………………………………………………………………. 70,000Intangible assets…………………………………………………………100,000Inventory…………………………………………………………………. 138,000Long-term investments…………………………………………………..160,000Long-term liabilities……………………………… ………………………200,000Short-term investments……………………………………………………80,000Notes payable (short-term)………………………………………………..56,000Property, plant, and equipment………………………………………..1,340,000Prepaid insurance…………………………………………………………….2,000$284,000$332,000$326,000$370,000
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