Use the following data to determine the total amount of working capital. Marigold Corp. Balance Sheet December 31, 2022
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Use the following data to determine the total amount of
| Marigold Corp. | |||||
| December 31, 2022 | |||||
|
Cash
|
$126500 |
Accounts payable
|
$155500 | ||
|---|---|---|---|---|---|
|
|
123800 |
Salaries and wages payable
|
34600 | ||
|
Inventory
|
205100 |
Note payable (due 2025)
|
274500 | ||
|
Short-term investments
|
88600 |
Total liabilities
|
$464600 | ||
|
Land (held for future use)
|
256500 | ||||
|
Land
|
285000 | ||||
|
Buildings
|
$336500 |
Common stock
|
$355500 | ||
|
Less:
|
(62300) | 274200 |
|
745000 | |
|
Franchise
|
205400 |
Total stockholders' equity
|
$1100500 | ||
|
Total assets
|
$1565100 |
Total liabilities and stockholders' equity
|
$1565100 |
$353900
$265300
$610400
$383900
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