Cash $40,000

Question

Accounts receivable $120,000
Inventory $300,000
Prepaid rent $2,000
Accounts payable $150,000
Salaries payable $7,000
Long-term bonds payable $200,000

The selected accounts above are from TJ Supply’s balance sheet. What is TJ Supply’s working capital?

working capital = current assets - current liabilities but which of these count as current assets and which are current liabilities?

Answer 1

if totatl is assets is 44000 JD and total liabilities is 16000 JD and retained earnings 6000 JD . compute share capital