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CLICK HERE TO SAVE YOUR WORK 1 B D Excerpts from Candle Corporation's most recent balance sheet appear below: 2 Year 2 Year 1
CLICK HERE TO SAVE YOUR WORK 1 B D Excerpts from Candle Corporation's most recent balance sheet appear below: 2 Year 2 Year 1 B 4 Current assets: 5 Cash $170,000 $100,000 6 Accounts receivable, net 210,000 190,000 150,000 140,000 7 Inventory 3 Prepaid expenses 100,000 100,000 Total current assets $630,000 $530,000 0 1 Current liabilities: Accounts payable $210,000 $190,000 3 Accrued liabilities 40,000 40,000 Notes payable, short-term 100,000 90,000 Total current liabilities $350,000 $320,000 Additional data: Sales on account Cost of goods sold $1,250,000 $797,500 Required: Compute the following for Year 2 and Year 1:
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