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Myriad Canning Company Has the Following Balance Sheet Figures for the Year

Question 89

Multiple Choice
Myriad Canning Company has the following balance sheet figures for the year ending December 31, 200X:??Cash $1,000?Marketable securities $5,000?Inventory $3,000?Total current assets $9,000??Accounts payable $2,000?Notes payable $1,000?Total current liabilities $3,000??What is its net working capital?

Myriad Canning Company has the following balance sheet figures for the year ending December 31, 200X:??Cash $1,000?Marketable securities $5,000?Inventory $3,000?Total current assets $9,000??Accounts payable $2,000?Notes payable $1,000?Total current liabilities $3,000??What is its net working capital?


A) $1,000
B) $3,000
C) $6,000
D) $9,000

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