Use the following data to determine the total amount of working capital. Ace Supply Company Balance Sheet December 31, 2025 Cash Accounts receivable Inventory Short-term investments. Land (held for future use) Land Buildings Less: Accumulated $339,000 depreciation (60.000) Franchise Total assets $ 126,000 120,000 210,000 90,000 255,000 285,000 210,000 $1.575.000 Accounts payable: Salaries and wages payable Note payable (due 2028) Total liabilities i Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 279,000 $ 165,000 30,000 270.000 465,000 360,000 750.000 1.110.000 $1.575.000

Use the following data to determine the total amount of working capital. Ace Supply Company Balance Sheet December 31, 2025 Cash Accounts receivable Inventory Short-term investments. Land (held for future use) Land Buildings Less: Accumulated $339,000 depreciation (60.000) Franchise Total assets $ 126,000 120,000 210,000 90,000 255,000 285,000 210,000 $1.575.000 Accounts payable: Salaries and wages payable Note payable (due 2028) Total liabilities i Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 279,000 $ 165,000 30,000 270.000 465,000 360,000 750.000 1.110.000 $1.575.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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