Question: Data from Dunshee Corporation's most recent balance sheet appear below: Year 2 Year 1 Current assets: Cash $ 134 $ 104 Accounts receivable, net 278

Data from Dunshee Corporation's most recent balance sheet appear below:

Year 2 Year 1
Current assets:
Cash $ 134 $ 104
Accounts receivable, net 278 298
Inventory 102 122
Prepaid expenses 14 14
Total current assets $ 528 $ 538
Total current liabilities $ 246 $ 240

Sales on account in Year 2 amounted to $1,270 and the cost of goods sold was $790.

The working capital at the end of Year 2 iS:

  • A) $282

  • B) $528

  • C) $826

  • D) $776

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