Question 32
Privett Company
Accounts payable
$ 30,000
Accounts receivable
35,000
Accrued liabilities
7,000
Cash
25,000
Intangible assets
40,000
Inventory
72,000
Long-term investments
100,000
Long-term liabilities
80,000
Marketable securities
38,000
Notes payable (short-term)
20,000
Property, plant, and equipment
500,000
Prepaid expenses
3,000
Based on the data for Privett Company, complete the following.
a. What is the current ratio? (Round to the nearest whole number. No decimals.)
b. What is the amount of working capital? (Round answer to the nearest dollar. Use a comma, as applicable. Dollar sign is provided.) $