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 investments50.00
Accruals50.00
Accounts receivable20.00
Notes payable 30.00
Inventory 60.00
Current liabilities$110.00
Current assets$150.00
Long-term debt70.00
Gross fixed assets$140.00
Common stock30.00
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: B
Business
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