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Anew Health Care Company reports net income of $220,000 and Depreciation Expense of $17,000 for the year ending December 31, 2019. No long-term assets were
Anew Health Care Company reports net income of $220,000 and Depreciation Expense of $17,000 for the year ending December 31, 2019. No long-term assets were sold or exchanged during 2019. They also have the following data available: December 31, 2019 December 31, 2018 Current Assets Cash Accounts Receivable Inventory Total Current Assets $27,000 $163,000 $97,000 $287,000 $81,000 101,000 65,000 $247,000 Current Liabilities: Accounts Payable Salaries Payable $45,000 38.000 $37,000 89,000 O A. $132,000 O B. $100,000 O C. $66,000 OD. $205,000 Anew Health Care Company reports net income of $220,000 and Depreciation Expense of $17,000 for the year ending December 31, 2019. No long-term assets were sold or exchanged during 2019. They also have the following data available: December 31, 2019 December 31, 2018 Current Assets Cash Accounts Receivable Inventory Total Current Assets $27,000 $163,000 $97,000 $287,000 $81,000 101,000 65,000 $247,000 Current Liabilities: Accounts Payable Salaries Payable $45,000 38.000 $37,000 89,000 O A. $132,000 O B. $100,000 O C. $66,000 OD. $205,000
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