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QUESTION 15 A farm business manager has just finished preparing end of year financial statements for the business. The following financial information was determined: Current

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QUESTION 15 A farm business manager has just finished preparing end of year financial statements for the business. The following financial information was determined: Current assets - beginning of year $200,000 Total assets - beginning of year 5600,000 Current liabilities - beginning of year $100,000 Total liabilities - beginning of year $150,000 Total equity - beginning of year $450.000 Current assets - end of year $250,000 Total assets - end of year $800.000 Current liabilities - end of year $150,000 Total liabilities -- end of year $300,000 Total equity -- end of year $500,000 Gross revenue $600,000 Net farm income from operations $115.000 Operating expense $425.000 Farm interest expense $20,000 Depreciation expense $45,000 Owner withdrawals (for unpaid labor and Mgt.) $50,000 Non-farm income $35,000 What is the farm business' working capital (end of year)? O a $100,000 5150,000 O c. 1667 O 02

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