ariel corporation reports the following year-end balance sheet data. the company's working capital equals:

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13-12-2022
Business

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ariel corporation reports the following year-end balance sheet data. the company's working capital equals:

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HafsaM HafsaM · Answer 1 · 2022-12-17T06:38:06+01:00

Balance sheet: Current assets = ($50,000 + $65,000 + $70,000) = $185,000, Current Liabilities = $85,000, Working Capital = $100,000

The assets and liabilities of a firm are shown on a balance sheet, which is a financial statement. Your company's financial status at any one time is quickly outlined in a balance sheet. Business executives may use a balance sheet, income statement, and cash flow statement to evaluate the financial health of their company.

There is a plethora of knowledge about a corporation's activities and solvency available on its balance sheet. The three basic components of a balance sheet are assets, liabilities, and equity.

The given question is incomplete, the complete question is:

Ariel corporation reports the following year-end balance sheet data. the company's working capital equals: Cash $50,000 Current liabilities $85,000, Accounts receivable 65,000 Long-term liabilities 45,000, Inventory 70,000 Common stock 110,000. Equipment 155,000 Retained earnings 100,000. Total assets$340,000 Total liabilities and equity $340,000.

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