Question
The financial statements of Carrier Office Furniture Company include the following items: 2019 2018 Cash $ 52 comma 500$52,500 $ 50 comma 000$50,000 Shortminusterm Investments
The financial statements of Carrier Office Furniture Company include the following items:
| 2019 | 2018 | |
| Cash | $ 52 comma 500$52,500 | $ 50 comma 000$50,000 |
| Shortminusterm Investments | 24 comma 00024,000 | 17 comma 00017,000 |
| Net Accounts Receivable | 93 comma 00093,000 | 105 comma 000105,000 |
| Merchandise Inventory | 166 comma 000166,000 | 142 comma 000142,000 |
| Total Assets | 525 comma 000525,000 | 546 comma 000546,000 |
| Total Current Liabilities | 266 comma 000266,000 | 286 comma 000286,000 |
| Longminusterm Note Payable | 60 comma 00060,000 | 52 comma 00052,000 |
What is working capital for 2019?
A.
$ 45 comma 500$45,500
B.
$ 96 comma 500$96,500
C.
$ 199 comma 000$199,000
D.
$ 69 comma 500
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
978-0078025914
