ariel corporation reports the following year-end balance sheet data. the company's working capital equals: Cash $50,000 Current liabilities $85,000, Accounts receivable 65,000 Long-term liabilities 45,000, Inventory 70,000 Common stock 110,000. Equipment 155,000 Retained earnings 100,000. Total assets$340,000 Total liabilities and equity $340,000.

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05-12-2022
Business

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ariel corporation reports the following year-end balance sheet data. the company's working capital equals: Cash $50,000 Current liabilities $85,000, Accounts receivable 65,000 Long-term liabilities 45,000, Inventory 70,000 Common stock 110,000. Equipment 155,000 Retained earnings 100,000. Total assets$340,000 Total liabilities and equity $340,000.

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akursharma9034 akursharma9034 · Answer 1 · 2022-12-09T04:33:25-05:00

Balance sheet data: Current assets=($50,000+$65,000+$70,000)= $185,000, Current Liabilities = $85,000, Working Capital= $100,000

A balance sheet is a financial statement that lists the assets and liabilities of a corporation at a certain point in time.

An organization's assets, liabilities, and shareholder equity are listed on a balance sheet, which is a financial statement. One of the three primary financial statements used to assess a company is the balance sheet. It offers a snapshot of the assets and liabilities of a corporation as of the publication date. A balance sheet provides you with a quick overview of your company's financial situation at any given time. A balance sheet, along with an income statement and a cash flow statement, can aid business leaders in assessing the financial health of their organization. The balance sheet of a corporation offers a wealth of information about its operations and solvency. Assets, liabilities, and equity are the three main elements of a balance sheet. Executives, investors, analysts, and regulators utilize the balance sheet as a crucial tool to comprehend the current financial condition of a corporation. It frequently coexists with the income statement and the cash flow statement, the other two categories of financial statements.

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