From the Following Data, Calculate the Amount of Working Capital

question 71

Multiple Choice

From the following data, calculate the amount of working capital. $$\begin{array} { l r } \text { Accounts payable } & 58,000 \\\text { Accounts receivable } & 47,000 \\\text { Accrued liabilities } & 3,000 \\\text { Cash } & 29,560 \\\text { Intangible assets } & 57,000 \\\text { Inventory } & 48,000 \\\text { Long-term investments } & 127,000 \\\text { Long-term liabilities } & 41,000 \\\text { Marketable securities } & 32,000 \\\text { Notes payable (short-term) } & 28,000 \\\text { Property, plant, and equipment } & 784,000 \\\text { Prepaid expenses } & 7,500\end{array}$$

• A) $98,060
• B) $72,000
• C) $75,060
• D) $77,060

---

Definitions:

Natural Rights

Basic rights that are believed to be granted to all people by nature or God and are not dependent on laws or governments.

Republican Citizen

Refers to an individual who actively participates in public life and governance in accordance with principles of republicanism, emphasizing liberty and civic virtue.

Legal Authority

The right and power to enforce laws, exact obedience, or make decisions and judgments.

Deeds

Legal documents representing the ownership of property or legal rights.