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7. All of the following are components of working capital as of December 31, 2018 except: A. Accounts payable due during 2019 Inventory C. Receivables

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7. All of the following are components of working capital as of December 31, 2018 except: A. Accounts payable due during 2019 Inventory C. Receivables due by January 31, 2019 D. Outstanding balance of a line of credit due on January 1, 2020 The Three Amigos Company reports sales revenue of $250,000 on its income statement. Expenses totaled $20,000 and it paid dividends of $10,000. Its balance sheet reveals beginning and ending accounts receivable of $50,000 and $47,000, respectively. The Company provides credit terms of Net 30 to its customers. What is the amount collected from customers of the company?! A. $223,000 B. $250,000 C. $253,000 D. $233,000

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