Working Capital Calculation
| Cash | $40,000 |
|---|---|
| Accounts receivable | $120,000 |
| Inventory | $300,000 |
| Prepaid rent | $2,000 |
| Accounts payable | $150,000 |
| Salaries payable | $7,000 |
| Long-term bonds payable | $200,000 |
The table above presents selected accounts from TJ Supply's balance sheet. What is the company's working capital?
A
$305,000
B
$40,000
C
$160,000
D
$462,000