Selected comparative financial statement data for Tri Town Inc. are shown below. Tri town inc Statement of
Question:
Selected comparative financial statement data for Tri Town Inc. are shown below.
Tri town inc
Statement of financial position (partial)
December 31
(in thousands)
2018 2017 2016
Current assets
Cash $ 30 $ 91 $ 60
Held for trading investments 55 60 40
Accounts receivable, net 679 591 495
Inventory 630 523 571
Prepaid expenses 41 52 29
Total current assets $ 1,435 $ 1,317 $ 1,195
Total current liabilities $ 879 $ 819 $ 746