Excerpts from Sydner Corporation's most recent balance sheet appear below: Year 2Year 1Current assets: Cash$140 $160 Accounts receivable, net 210 230 Inventory 240 200 Prepaid expenses 10 10 Total current assets$ 600 $ 600 Total current liabilities$ 360 $ 330 Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900.The working capital at the end of Year 2 is:
A. $240
B. $880
C. $1,000
D. $600
Answer: A
Business
You might also like to view...
How does the Uniform Commercial Code (UCC) define merchant? Why does the UCC distinguish between merchants and nonmerchants?
What will be an ideal response?
Business
When using a linear programming model to solve the diet problem, the objective is generally to maximize profit
Indicate whether this statement is true or false.
Business
The ability of human experts to analyze their own knowledge and its effectiveness, learn from it, and improve on it for future consultations is known as a ________
Fill in the blanks with correct word
Business
Develop the information security policies is the ________________ step for creating an information security plan.
Fill in the blank(s) with the appropriate word(s).
Business