The following balance sheet information is provided for Apex Company for Year 2:     Assets   Cash$5200? Accounts receivable 11,350? Inventory 14,600? Prepaid expenses 1400? Plant and equipment, net of depreciation 19,300? Land 13,200? Total assets$65,050? Liabilities and stockholders' Equity   Accounts payable$2670? Salaries payable 8430? Bonds payable (due in ten years) 11,000? Common stock, no par 17,500? Retained earnings 25,450? Total liabilities and stockholders' equity$65,050? What is the company's working capital?

A. $5450
B. $28,480
C. $9050
D. $21,450


Answer: D

Business

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