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Gant Wholesale Company Has $2,000 in Cash, $7,000 in Accounts

Question 55

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Gant Wholesale Company has $2,000 in cash, $7,000 in accounts receivable, $12,000 in inventory, and $3,000 in prepaid expenses.Liabilities totaled $20,000, with $6,000 current and $14,000 long-term.What is Gant's working capital?

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$2,000 + $7,000 + $1...

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