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Jobston,Inc ​
-Read the Information About Jobston,Inc

Question 16

Multiple Choice

Jobston,Inc.
The balance sheet of Jobston Inc.includes the following items:

 Cash $22,400 Accounts receivable 11,700 Inventory 23,300 Prepaid insurance 1,040 Land 80,000 Accounts payable 47,500 Salaries payable 1,200 Capital stock 84,040 Retained earnings 5,700\begin{array}{lr}\text { Cash } & \$ 22,400 \\\text { Accounts receivable } & 11,700 \\\text { Inventory } & 23,300 \\\text { Prepaid insurance } & 1,040 \\\text { Land } & 80,000 \\\text { Accounts payable } & 47,500 \\\text { Salaries payable } & 1,200 \\\text { Capital stock } & 84,040 \\\text { Retained earnings } & 5,700\end{array}
-Read the information about Jobston,Inc.What is Jobston's working capital?


A) $58,440
B) $89,740
C) $84,040
D) $9,740

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