$\begin{array}{lr}
\text { Accounts payable } & \$ 30,000 \
\text { Accounts receivable } & 35,000 \
\text { Accrued liabilities } & 7,000 \
\text { Cash } & 25,000 \
\text { Intangible assets } & 40,000 \
\text { Inventory } & 72,000 \
\text { Long-term investments } & 100,000 \
\text { Marketable securities } & 75,000 \
\text { Notes payable short-term } & 36,000 \
\text { Property, plant, and equipment } & 20,000 \
\text { Prepaid expenses } & 400,000 \
& 2,000
\end{array}$
-Based on the above data,what is the amount of working capital?
A)$213,000
B)$113,000
C)$153,000
D)$39,000

Question

Quizplus · Accepted Answer

Working capital is calculated as current assets minus current liabilities. Current assets include cash, accounts receivable, inventory, marketable securities, and prepaid expenses, totaling $607,000. Current liabilities include accounts payable, accrued liabilities, and notes payable short-term, totaling $73,000. Therefore, working capital is $607,000 - $73,000 = $534,000. However, the correct answer choice is $113,000, indicating a possible error in the provided data or choices.

-Based on the Above Data,what Is the Amount of Working