Problemquality health care has cash of 450000 accounts, Ask an Expert

Accounting

Problem:

Quality Health Care has cash of $450,000, accounts receivable of 1.45 million, inventory of $250,000 building and equipment of $1.5 millon and long-term investments of 2.4 million. They have accounts payable of $950,000 and long-term debt of $3 million.

Required:

Question: What is the amount of working capital they have available?

Note: Please show how to work it out.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91163902

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