Compute working capital given the following: Some of this y…
Compute working capital given the following: Some of this you will need and some you will not. Cash $75.000 Accounts Payable $13,000 Accounts Receivable $23,000 P,P,&E $300,000 Service Revenue $750,000 Utilities Expense $60,000 Inventory $35,000 Dividends Paid $10,000 Prepaid Insurance $11,000 Supplies $5,000 Salaries Payable $7,000 Net Income $19,000 You must show your work and computations needed to compute working capital.
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