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Use the following information to answer questions 1-8 Accounts receivable balance Year 1 Accounts receivable balance Year 2 Net Credit Sales Operating Expenses Cost
Use the following information to answer questions 1-8 Accounts receivable balance Year 1 Accounts receivable balance Year 2 Net Credit Sales Operating Expenses Cost of Goods Sold 1,200,000 1,600,000 18,250,000 9,125,000 7,300,000 Net Income Weighted average number of outstanding shares Stock market price 1,825,000 912,500 30 Current assets 10,000,000 Current liabilities 5,000,000 Total assets Total liabilities 25,000,000 15,000,000 How much is working capital? 20,000,000 15,000,000 5.000.000 10,000,000
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