The financial statements of Carrier Office Furniture Company include the following items: 2019 2018 Cash $42,500 $42,000
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Question:
The financial statements of Carrier Office Furniture Company include the following items:
2019 | 2018 | |
Cash | $42,500 | $42,000 |
Short-term Investments | 28,000 | 19,000 |
Net Accounts Receivable | 102,000 | 98,000 |
Merchandise Inventory | 166,000 | 148,000 |
Total Assets | 527,000 | 547,000 |
Total Current Liabilities | 273,000 | 285,000 |
Long-term Note Payable | 64,000 | 60,000 |
What is working capital for 2019?
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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