Refer to the following selected financial information from Texas Electronics. Compute the company's working capital for Year 2. Year 2 Year 1Cash$37,500 $36,850 Short-term investments 90,000 90,000 Accounts receivable, net 85,500 86,250 Merchandise inventory 121,000 117,000 Prepaid expenses 12,100 13,500 Plant assets 388,000 392,000 Accounts payable 113,400 111,750 Net sales 711,000 706,000 Cost of goods sold 390,000 385,500
A. $147,200.
B. $142,700.
C. $111,700.
D. $220,600.
E. $232,700.
Answer: E
Business
You might also like to view...
A buyer of $8100 in merchandise inventory failed to take advantage of the vendor's credit terms of 3.00/15, n/45, and instead paid the invoice in full at the end of 45 days. By not taking advantage of the cash discount, the buyer lost the discount of:
A. $81. B. $1215. C. $100. D. $243. E. $810.
Business
Characteristics that influence attitudes include all of the following EXCEPT ________
A) religion B) social class C) education D) heredity
Business
Networking both electronically and in person is important to gaining job leads and career counseling
Indicate whether the statement is true or false
Business
When is a strategic alliance most likely to be unsuccessful?
What will be an ideal response?
Business