Use the information below for Harding Company to answer the question that follow

Question

Use the information below for Harding Company to answer the question that follow $38,560 62,816 6,609 24,920 37,486 75,597 95,500 77,595 0,993 22,335 668,884 1,434 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? a. $667,450 b. $195,760 c. $997,630 d. $128,256

Explanation / Answer

Answer:- The amount of working capital of Harding company is $128256 (Option d).

Explanation:-

Working capital = Current assets – Current liabilities

                           = $195760 - $67504

                           =$128256

Where:-

Current assets = Accounts receivable + Cash + Inventory +Marketable securities+ Prepaid expenses

                       = $62816+ $24920+ $75597 +$30993 + $1434

                       =$195760

Current liabilities =Accounts payable + Accrued liabilities +Notes payable (short term)

                             =$38560+ $6609 +$22335

                             =$67504

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