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Refer to the following selected financial Information from McCormik, LLC. Compute the company's working capital for Year 2 Cash Short-term Investments Accounts receivable, net Merchandise
Refer to the following selected financial Information from McCormik, LLC. Compute the company'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 $ 38,900 104,000 92,500 128,000 13,500 395,000 106,400 718,000 397,000 Year 1 $ 33,650 67,000 86,500 132.000 11,100 345,000 114,800 683,000 382,000 O $166,500 O $142,500 O $257,000 O $270,500 O $178,000
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