Working Capital
Using the following information, compute working capital:
|
Cost of Goods Sold |
$ 9,000 |
|
Accounts Payable |
1,100 |
|
Paid In Capital |
1,750 |
|
Cash |
400 |
|
Sales |
10,000 |
|
Accrued Wages Payable |
250 |
|
Dividends |
700 |
|
Retained Earnings (beginning) |
1,000 |
|
Inventory |
4,000 |