A Corporation Reports the Following Year-End Balance Sheet Data A) $80,000
B) $155,000
C) $75,000
D) $300,000
E) $190,000

question 109

Multiple Choice

A corporation reports the following year-end balance sheet data.The company's working capital equals:
$$\begin{array} { l r l r } \text { Cash } & \$ 40,000 & \text { Current liabilities } & \$ 75,000 \\\text { Accounts receivable } & 55,000 & \text { Long-term liabilities } & 35,000 \\\text { Inventory } & 60,000 & \text { Common stock } & 100,000 \\\text { Equipment } & 145,000 & \text { Retained earnings } & 90,000 \\\text { Total assets } & \$ 300,000 & \text { Total liabilities and equity } & \$ 300,000\end{array}$$

• A) $80,000
• B) $155,000
• C) $75,000
• D) $300,000
• E) $190,000

---

Definitions:

Decimal Equivalent

The representation of fractions as decimals by dividing the numerator by the denominator.

Percent Equivalent

A way to express a number as a percentage of 100.

Rounded

Adjusted to the nearest whole number or specified decimal place to make calculations simpler or to reflect measurement limitations.

Decimal Equivalent

A numerical representation that expresses fractions in a decimal format.