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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

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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 inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 Year 1 $ 38,100 $ 32,850 96,000 63,000 88,500 82,500 124,000 128,000 12,700 10,300 391,000 341,000 110,400 110,800 714,000 679,000 393,000 378,000

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