Gant Wholesale Company Has $2,000 in Cash, $7,000 in Accounts

question 55

Essay

Gant Wholesale Company has $2,000 in cash, $7,000 in accounts receivable, $12,000 in inventory, and $3,000 in prepaid expenses.Liabilities totaled $20,000, with $6,000 current and $14,000 long-term.What is Gant's working capital?

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Definitions:

Calories

A unit of energy that measures the amount of energy food provides to the body.

Alcohol

A psychoactive substance found in beverages such as beer, wine, and spirits, which can influence mood and behavior and affect physical health.

Glycogen

A form of glucose storage in the body, primarily found in the liver and muscles.

Glucose

A simple sugar that is an important energy source in living organisms and a component of many carbohydrates.