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Data from Dunshee Corporation's most recent balance sheet appear below: Year 2: Current assets: Cash.$130 Accts. receivable$270 Inventory.$90 Prepaid expenses.$10 Total current assets$500 Total current
Data from Dunshee Corporation's most recent balance sheet appear below:
Year 2:
Current assets:
Cash.$130
Accts. receivable$270
Inventory.$90
Prepaid expenses.$10
Total current assets$500
Total current liabilities..$230
Year 1:
Current assets:
Cash.$100
Accts. receivable$290
Inventory.$110
Prepaid expenses.$10
Total current assets$510
Total current liabilities..$220
Sales on account in Year 2 amounted to $1,170 and the cost of goods sold was $730. The working capital at the end of Year 2 is:
$270
$500
$770
$740
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