Data from Kooistra Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,270 and the cost of goods sold was $770.
-The working capital at the end of Year 2 is:
A)$990
B)$170
C)$1,010
D)$450

Question

Data from Kooistra Corporation's most recent balance sheet appear below:  Sales on account in Year 2 amounted to $1,270 and the cost of goods sold was $770.
-The working capital at the end of Year 2 is:
A)$990 
B)$170 
C)$1,010 
D)$450

Quizplus · Accepted Answer

Working capital = Current assets - Current liabilities = $450 - $280 = $170

Data from Kooistra Corporation's Most Recent Balance Sheet Appear Below