The financial statements of Carrier Office Furniture Company include the following items:

What is working capital for 2019?

Question

The financial statements of Carrier Office Furniture Company include the following items:

What is working capital for 2019?

Quizplus · Accepted Answer

B)
Working capital = Current assets - Current liabilities
Working capital = (Cash $42,500 + Short-term Investments $28,000 + Net Accounts Receivable $102,000 + Merchandise Inventory $166,000)- $273,000
Working Capital = $338,500 - $273,000
Working Capital = $65,500

The Financial Statements of Carrier Office Furniture Company Include the Following