Fact Pattern:

Broomall Corporation has decided to include certain financial ratios in its year$-$end annual report to shareholders. Selected information relating to its most recent fiscal year is provided below.

Cash

$ $10,000$

Accounts receivable:

$$ Beginning of year

$24,000$

$$ End of year

$20,000$

Prepaid expenses

$8,000$

Inventory:

$$ Beginning of year

$26,000$

$$ End of year

$30,000$

Available$-$for$-$sale securities:

$$ Historical cost

$9,000$

$$ Fair value at year end

$12,000$

Accounts payable

$15,000$

Notes payable $($due in $90$ days$)$

$25,000$

Bonds payable $($due in $10$ years$)$

$35,000$

Net credit sales for year

$220,000$

Cost of goods sold

$140,000$

Broomall$$s working capital at year end is

$$40,000$

$$37,000$

$$28,000$

$$10,000$