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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?
| a.$190,000 | ||
| b. $65,500 | ||
| c.$100,500 | ||
| d. $37,500 |
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Fraud Casebook Lessons From The Bad Side Of Business
Authors: Joseph T. Wells
1st Edition
0470134682, 978-0470134689
