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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 Prepaid expenses Plant assets $ 38,800 $ 33,550 103,000 66,500 92,000 86,000 127,500 131,500 13,400 11,000 394,500 344,500 Accounts payable 106,900 114,300 Net sales 717,500 682,500 Cost of goods sold 396,500 381,500 Multiple Choice $164,800. $175,800 $254,400 $267,800.
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