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Question
Zumbahlen Inc. has the following balance sheet. How much total operating capital does the firm have?Cash $ 20.00 Accounts payable $ 30.00
Short-term investments 50.00 Accruals 50.00
Accounts receivable 20.00 Notes payable 30.00
Inventory 60.00 Current liabilities $110.00
Current assets $150.00 Long-term debt 70.00
Gross fixed assets $140.00 Common stock 30.00
Accumulated deprec. 40.00 Retained earnings 40.00
Net fixed assets $100.00 Total common equity $ 70.00
Total assets $250.00 Total liab. & equity $250.00
a. $114.00
b. $120.00
c. $126.00
d. $132.30
e. $138.92
Answer
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