Bookmarks Window Help CengageNOWv Calculator Use the information below for Hardi

Question

Bookmarks Window Help CengageNOWv Calculator Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment Prepaid expenses Based on the data for Harding Company, what is the amount of working capital? $38,023 72,520 6,835 24,694 37,345 83,018 115,928 73,533 33,183 24,215 652,018 2,930 a. $147,272 b. $216,345 C.$1,021,636 d. $649,088

Explanation / Answer

Net working capital= Current asset - current liability

Current asset=$72520+$24694+$83018+$33183+$2930=$216345

Current Liabilities=$38023+$6835+$24215=69073
So working capital=$216345-$69073=$147272

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