Question
Transic Corporation has the following financial data for 2016 and 2017. 2017 2016 ASSETS Current Assets: Cash $ 48,000 $ 14,000 Marketable Securities 9,000 13,000
Transic Corporation has the following financial data for 2016 and 2017.
| 2017 | 2016 | |
| ASSETS | ||
| Current Assets: | ||
| Cash | $ 48,000 | $ 14,000 |
| Marketable Securities | 9,000 | 13,000 |
| Accounts Receivable | 35,000 | 24,000 |
| Other Current Assets | 15,000 | 18,000 |
| Total Current Assets | 107,000 | 69,000 |
| Fixed Assets (net) | 140,000 | 130,000 |
| Total Assets | $247,000 | $199,000 |
| LIABILITIES | ||
| Current Liabilities | $ 72,000 | $ 52,000 |
| Long-term Liabilities | 50,000 | 37,000 |
| Total Liabilities | $122,000 | $ 89,000 |
| Total Stockholders' Equity | $125,000 | $110,000 |
| Total Liabilities And Stockholders' Equity | $247,000 | $199,000 |
What is Transic's working capital for 2017?
a.$90,000
b.$18,000
c.$125,000
d.$35,000
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
