Question
The financial statements of Carrier Office Furniture Company include the following items: 2019 2018 Cash $42,500 $42,000 Short-term Investments 28,000 19,000 Net Accounts Receivable 102,000
The financial statements of Carrier Office Furniture Company include the following items:
| 2019 | 2018 | |
| Cash | $42,500 | $42,000 |
| Short-term Investments | 28,000 | 19,000 |
| Net Accounts Receivable | 102,000 | 98,000 |
| Merchandise Inventory | 166,000 | 148,000 |
| Total Assets | 527,000 | 547,000 |
| Total Current Liabilities | 273,000 | 285,000 |
| Long-term Note Payable | 64,000 | 60,000 |
What is working capital for 2019?
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Working capital is calculated by subtracting total current liabilities from total cur...
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Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
1st edition
978-0133251579, 133251578, 013216230X, 978-0134102313, 134102312, 978-0132162302
