Data from Gofman Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,300 and the cost of goods sold was $900.
-The working capital at the end of Year 2 is:
A) $320
B) $500
C) $1,210
D) $1,070

Question

Data from Gofman Corporation's most recent balance sheet appear below:  Sales on account in Year 2 amounted to $1,300 and the cost of goods sold was $900.
-The working capital at the end of Year 2 is:
A) $320 
B) $500 
C) $1,210 
D) $1,070

Quizplus · Accepted Answer

The Answer of Data from Gofman Corporation's most recent balance sheet appear below:  Sales on account in Year 2 amounted to $1,300 and the cost of goods sold was $900.
-The working capital at the end of Year 2 is:
A) $320 
B) $500 
C) $1,210 
D) $1,070

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