Excerpts from Tigner Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,230 and the cost of goods sold was $820.
-The working capital at the end of Year 2 is:
A)$740
B)$790
C)$430
D)$150

Question

Excerpts from Tigner Corporation's most recent balance sheet appear below:  Sales on account in Year 2 amounted to $1,230 and the cost of goods sold was $820.
-The working capital at the end of Year 2 is:
A)$740 
B)$790 
C)$430 
D)$150

Quizplus · Accepted Answer

Working capital = Current assets - Current liabilities
= $430 thousand - $280 thousand = $150 thousand

Excerpts from Tigner Corporation's Most Recent Balance Sheet Appear Below