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Use the following data to determine the total amount of working capital.

Windsor, Inc. Balance Sheet December 31, 2022

Cash $129200 Accounts payable $153500
Accounts receivable 122600 Salaries and wages payable 28400
Inventory 209300 Note payable (due 2025) 268000
Short-term investments 86400 Total liabilities $449900
Land (held for future use) 255000 Land 289000
Buildings $338500 Common stock $355500

Less: Accumulated depreciation (60200) 278300 Retained earnings 771000
Franchise 206600 Total stockholders' equity $1126500
Total assets $1576400 Total liabilities and stockholders' equity $1576400

Respuesta :

Answer:

$279,200

Explanation:

The computation of working capital is shown below:-

As we know that

Working capital = Current assets - Current liabilities

where,

Current assets = cash balance + account receivable + Inventory

= $129,200 + $122,600 + $209,300

= $461,100

And,

Current liabilities = Account payable + Salaries  & wages payable

= $153,500 + $28,400

= $181,900

now we will put the values of the above working capital formula

= $461,100 - $181,900

= $279,200

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