What is the amount of working capital for symphony

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Reference no: EM133145486

Question - Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores.


Debit

Credit

Accounts receivable

710


Building and equipment

920


Cash

39


Interest receivable

30


Inventory

16


Land

150


Notes receivable (long-term)

450


Prepaid rent

20


Supplies

8


Trademark

40


Accounts payable


560

Accumulated depreciation


80

Additional paid-in capital


485

Dividends payable


30

Common stock (at par)


15

Income tax payable


65

Notes payable (long-term)


800

Retained earnings


308

Deferred revenue


40

TOTALS

2,383

2,383

Required - What is the amount of working capital for Symphony?

Reference no: EM133145486

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