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Refer to the following selected financial information from McCormik, LLC. Compute the company's working capital for Year 2. Year 2 Year 1 Cash $ 39,400

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Refer to the following selected financial information from McCormik, LLC. Compute the company's working capital for Year 2. Year 2 Year 1 Cash $ 39,400 $ 34,150 Short-term investments 109,000 69,500 Accounts 95,000 receivable, net 89,000 Merchandise inventory 130,500 134,500 Prepaid expenses 14,000 11,600 Plant assets 397,500 347,500 Accounts payable 103,900 117,300 Net sales 720,500 685,500 Cost of goods sold 399,580 384,500 Multiple Choice $175,000 $270,000 $189,000 $284,000 $153,500

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