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In the table below is selected financial information from Honer Co. Compute the Honer's working capital for Year 2. Cash Short-term investments Accounts receivable,
In the table below is selected financial information from Honer Co. Compute the Honer's working capital for Year 2. Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 Year 1 $ 37,600 $ 32,350 91,000 60,500 86,000 80,000 121,500 125,500 12,200 9,800 388,500 338,500 112,900 108,300 711,500 676,500 390,500 375,500
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