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Calculate the working capital amount data

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Reference no: EM132502417

Question 1: Calculate the working capital amount given the following data: Be sure to properly label your answer. Show all work. Calculate the current ratio using the same data and label your answer.

Cash $10,000

A/R 20,000

Inventory 10,000

PPE (LTA) 50,000

Notes Payable (CL) 10,000

Mortgage Payable (LTL) 40,000

Retained Earnings 40,000

Rent expense 1,000

Car expense 500

Shipping expense 100

LTL = long term liability, CL = current liability, LTA= Long term asset q

Reference no: EM132502417

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