Calculate the working capital reported by xyz company

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Reference no: EM131891389

Problem

On June 3, XYZ Company reported a working capital of $63,000 and a current ratio of 5. On June 4, XYZ Company purchased inventory costing $12,000, supplies costing $6,000, and equipment costing $17,000. The inventory, supplies, and equipment were all purchased on account. Calculate the working capital reported by XYZ Company on June 4, after recording the purchase of the inventory, supplies, and equipment.

Reference no: EM131891389

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