FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Use the following data to determine the total amount of working capital.

Marigold Corp.
Balance Sheet
December 31, 2022
Cash
  $126500  
Accounts payable
$155500
Accounts receivable
  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: Accumulated depreciation
(62300) 274200  
Retained earnings
745000
Franchise
  205400  
      Total stockholders' equity
$1100500
Total assets
  $1565100  
           Total liabilities and            stockholders' equity
$1565100

 

$353900

$265300

$610400

$383900

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