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2018 The financial statements of Carrier Office Furniture Company include the following items: 2019 Cash $44,500 $50,000 Short-term Investments 33.000 18,000 Net Accounts Receivable 97.000
2018 The financial statements of Carrier Office Furniture Company include the following items: 2019 Cash $44,500 $50,000 Short-term Investments 33.000 18,000 Net Accounts Receivable 97.000 97,000 Merchandise Inventory 157,000 145,000 Total Assets 529,000 551,000 Total Current Liabilities 269.000 290,000 Long-term Note Payable 63.000 52.000 What is working capital for 2019? O A. $62,500 O B. $94,500 C. $197.000 OD. $29,500 The financial statements for Barrington Service Company include the following items: 2019 2018 Cash $45,500 $44,000 Short-term Investments 29.000 11,000 Net Accounts Receivable 60,000 53,000 Merchandise Inventory 162,000 49.000 Total Assets 529.000 554.000 Accounts Payable 134500 128,000 Salaries Payable 23.000 20.000 Long - term Note Payable 57.000 50,000 O A. 6.16 OB. 374 OC. 0.94 OD. 106 SES 2019 2018 Cash $48,500 $42,000 Short-term Investments 25,000 15,500 Net Accounts Receivable 62,000 51,000 Merchandise Inventory 125.000 48.000 Total Assets 534,000 553,000 Accounts Payable 126,500 132,000 Salaries Payable 23.000 18.000 Long-term Note Payable 63,000 5 3,000 Compute the acid - test ratio for 2018. (Round your answer to two decimal places) O A. 0.72 OB. 0.82 OC. 0.91 OD. 0.62 Candle Shop, Inc. has not sales on account of $1.200.000 The average ne accounts receivable are $600.000 Calculate the days sales in receivables (Use 365 days for any calculations. Round any intermediate calculations and your final answer to two decimal places) O A 365.00 days OB. 243.33 days O C. 182.50 days OD. 200 days
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