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Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below: Year 2 Year 1 Current assets: 210 130 Cash Accounts receivable
Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below: Year 2 Year 1 Current assets: 210 130 Cash Accounts receivable 210 220 Inventory 110 150 Prepaid expenses 55 65 585 565 Total current assets Current liabilities: 140 140 Accounts payable Accrued liabilities 70 85 Notes payable, short term 65 55 275 280 Total current liabilities Sales on account during the year totaled $1,410 thousand. Cost of goods sold was $875 thousand. Required: a. Compute the following working capital for Year 2.(Enter your answer in thousands of dollars, i e., 100,000 should be entered as 100.) orking capital
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