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What is the amount of working capital for symphony

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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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