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Extract of the financial information of ACY THREE Limited (ACY THREE below: End of Year 2, $10,000; End of Year 1, Inventory $8,000 Accounts receivable
Extract of the financial information of ACY THREE Limited ("ACY THREE below: End of Year 2, $10,000; End of Year 1, Inventory $8,000 Accounts receivable $8,300 End of Year 2, $11,000; End of Year 1 Cash $2,700 End of Year 2, $2,000; End of Year 1, Accounts payable $7,000 End of Year 2, $10,000 ; End of Year 1, Note payable $10,000 End of Year 2, $10,000 ; End of Year 1, Net assets $2,000 End of Year 2, $3,000; End of Year 1, Question The note payable of $10,000 would be due in Year 5. What is the "working capital" at the end of Year 2? Select one: A. $10,000 B. $3,000 C. $13,000
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