What is working capital for 2019?
The financial statements of Carrier Office Furniture Company include the following items:
A) $206,000
B) $66,500
C) $37,500
D) $95,500
B) $66,500
Working capital = Current assets - Current liabilities
Working capital = (Cash $49,500 + Short-term Investments $29,000 + Net Accounts Receivable $97,000
+ Merchandise Inventory $162,000) - $271,000
Working Capital = $337,500 - $271,000
Working Capital = $66,500
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