Question: Data from Dunshee Corporation's most recent balance sheet appear below: Year 2 Year Current assets: Cash $145 $115 Accounts receivable, net 300 320 Inventory 135


Data from Dunshee Corporation's most recent balance sheet appear below: Year 2 Year Current assets: Cash $145 $115 Accounts receivable, net 300 320 Inventory 135 155 Prepaid expenses 25 25 $605 $615 Total current assets $290 $295 Total current liabilities Sales on account in Year 2 amounted to $1,545 and the cost of goods sold was $955. The working capital at the end of Year 2 is: Multiple Choice $315 $605 $980 $875
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