Transic Corporation has the following financial data for 2016 and 2017. 2017 2016 ASSETS Current Assets: Cash
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Question:
Transic Corporation has the following financial data for 2016 and 2017.
2017 | 2016 | |
ASSETS | ||
Current Assets: | ||
Cash | $ 48,000 | $ 14,000 |
Marketable Securities | 9,000 | 13,000 |
Accounts Receivable | 35,000 | 24,000 |
Other Current Assets | 15,000 | 18,000 |
Total Current Assets | 107,000 | 69,000 |
Fixed Assets (net) | 140,000 | 130,000 |
Total Assets | $247,000 | $199,000 |
LIABILITIES | ||
Current Liabilities | $ 72,000 | $ 52,000 |
Long-term Liabilities | 50,000 | 37,000 |
Total Liabilities | $122,000 | $ 89,000 |
Total Stockholders' Equity | $125,000 | $110,000 |
Total Liabilities And Stockholders' Equity | $247,000 | $199,000 |
What is Transic's working capital for 2017?
a.$90,000
b.$18,000
c.$125,000
d.$35,000
Related Book For
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
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