How do you determine working capital?

Question

Cash $ 28,159 Accounts payable $ 50,900

Accounts receivable 39,710 Salaries payable 1,800

Prepaid insurance 4,330 Capital stock 120,000

Land 107,101 Retained earnings 6,600

Answer 1

Current assets minus current liabilities.

Prepaid insurance 4,330 Capital stock 120,000

Land 107,101 Retained earnings 6,600 are not in these categories.

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