The following balance sheet information is provided for apex company for year 2: assets: -cash $5,400-accounts receivable $15,500-inventory $18,000-prepaid expenses $1,600-plant and equipment, net of depreciation $20,200-land $19,950total assets $80,650liabilities and stockholders' equity-accounts payable $4,500-salaries payable $11,500-bonds payable (due in ten years) $19,000-common stock, no par $30,000-retained earnings $15,650total liabilities and stockholders' equity $80,650what is the company's working capital?

The company's working capital is $24,500

Explanation:

Working capital: The working capital is the capital which show a difference between current assets and the current liabilities

In mathematically,

Working capital = Current assets - current liabilities

So,

The current assets equals to

= Cash + accounts receivable + inventory + prepaid expenses

= $5,400 + $15,500 + $18,000 + $1,600

= $40,500

And, The current liabilities equals to

= Accounts payable + salaries payable

= $4,500 + $11,500

= $16,000

So, the working capital is

= $40,500 - $16,000

= $24,500