how do i determine the working capital from the following information Sunland Company Balance Sheet December 31, 2022 Assets Current assets Cash $ 61,800 Debt investments 87,000 Accounts receivable...


how do i determine the working capital from the following information


















































































































Sunland Company
Balance Sheet
December 31, 2022



Assets


Current assets


  Cash

$ 61,800

  Debt investments

87,000

  Accounts receivable (net)

169,800

  Inventory

155,150

   Total current assets

473,750

Plant assets (net)

570,000

Total assets

$ 1,043,750


Liabilities and Stockholders’ Equity


Current liabilities


  Accounts payable

$ 153,500

  Income taxes payable

36,000

   Total current liabilities

189,500

Bonds payable

186,250

   Total liabilities

375,750

Stockholders’ equity


  Common stock

351,000

  Retained earnings

317,000

   Total stockholders’ equity

668,000

Total liabilities and stockholders’ equity

$1,043,750


Jun 10, 2022
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