Question

Tenet Hospitals reported the following account balances (in thousands) at June 2018: Administrative expenses $ 75,000 Accounts receivable 160,000 Cash 50,000 Patient revenue 590,000 Selling expenses 44,000 Supplies Inventory 20,000 Salaries Expense 445,000 Accounts Payable 80,000 Taxes Payable-Current 20,000 Based only on the above information, what is the Working Capital for Tenet Hospitals? O $110,000 O $10,000 O $75,000 O $100,000 O $130,000

          Tenet Hospitals reported the following account balances (in thousands) at June 2018:
Administrative expenses
$ 75,000
Accounts receivable
160,000
Cash
50,000
Patient revenue
590,000
Selling expenses
44,000
Supplies Inventory
20,000
Salaries Expense
445,000
Accounts Payable
80,000
Taxes Payable-Current
20,000
Based only on the above information, what is the Working Capital for Tenet Hospitals?
O $110,000
O $10,000
O $75,000
O $100,000
O $130,000

Tenet Hospitals reported the following account balances (in thousands) at June 2018:
Administrative expenses
75,000
Accounts receivable
160,000
Cash
50,000
Patient revenue
590,000
Selling expenses
44,000
Supplies Inventory
20,000
Salaries Expense
445,000
Accounts Payable
80,000
Taxes Payable-Current
20,000
Based only on the above information, what is the Working Capital for Tenet Hospitals?
O110,000
O 10,000
O75,000
O 100,000
O130,000

Added by Clifford C.

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

Instant Answer

Solved by Expert Rachel Gore

Step 1

Current assets include cash, accounts receivable, and supplies inventory. Current liabilities include accounts payable and taxes payable. So, let's calculate the working capital for Tenet Hospitals: Current assets = Cash + Accounts receivable + Supplies Show more…

Show all steps

Thanks for your feedback!

Tenet Hospitals reported the following account balances (in thousands) at June 2018: Administrative expenses: $75,000 Accounts receivable: $160,000 Cash: $50,000 Patient revenue: $590,000 Selling expenses: $4,000 Supplies inventory: $20,000 Salaries expense: $445,000 Accounts payable: $80,000 Taxes payable: $20,000 Based only on the above information, what is the Working Capital for Tenet Hospitals? A) $110,000 B) $10,000 C) $75,000 D) $100,000 E) $130,000