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Refer to the following selected financial information from Texas Electronics. 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 Texas Electronics. 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 Year 1 $ 39,100 $ 33,850 106,000 68,000 93,500 87,500 129,000 133,000 13,700 11,300 396,000 346,000 105,400 115,800 719,000 684, 398,000 383,000 000
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