The following balance sheet information is provided for Apex Company for Year 2:Assets:-Cash $5,400-Accounts Receivable $15,500-Inventory $18,000-Prepaid Expenses $1,600-Plant and equipment, net of depreciation $20,200-Land $19,950Total Assets $80,650Liabilities and Stockholders' Equity-Accounts Payable $4,500-Salaries Payable $11,500-Bonds Payable (due in ten years) $19,000-Common stock, no par $30,000-Retained Earnings $15,650Total liabilities and stockholders' equity $80,650What is the company's working capital?
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Home » Business » The following balance sheet information is provided for Apex Company for Year 2:Assets:-Cash $5,400-Accounts Receivable $15,500-Inventory $18,000-Prepaid Expenses $1,600-Plant and equipment, net of depreciation $20,200-Land $19,950Total Assets