Refer to the following selected financial information from Texas Electronics. Compute the company's working capital (net worth) for Year 1 & 2. Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 $ 37,500 90,000 85.500 121,000 12,100 388,000 113,400 711,000 390,000 $ Year 1 36,850 90,000 86.250 117,000 13,500 392,000 111,750 706,000 385,500

3. Refer to the following selected financial information from Texas Electronics. Compute the company's working capital (net worth) for Year 1 \& 2