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Refer to the following selected financial information from Texas Electronics. Compute the company's working capital for Year 2 Year 2 Year 1) Cash Short-term
Refer to the following selected financial information from Texas Electronics. Compute the company's working capital for Year 2 Year 2 Year 1) Cash Short-term investments Accounts receivable, net Merchandise inventory $ 39,000 $ 33,750 105,000 67,500 93,000 87,000 128,500 132,500 Prepaid expenses 13,600 11,200 Plant assets 395,500 345,500 Accounts payable 105,900 115,300 Net sales 718,500 683,500 Cost of goods sold. 397,500 382,500
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