The financial statements of Carrier Office Furniture Company include the following items:20252024Cash$45,000$44,50026,00014.000Short-term InvestmentsNet Accounts Receivable102,00096,000160,000152,000Merchandise InventoryTotal Assets530,000547,000Total Current Liabilities270,000287,000Long-term Note Payable57,00052,000What is working capital for 2025?OA. $97,500OB. $203,000OC. $62,500OD. $35,500

Working capital = Current asset - Current liabilities

The financial statements of Carrier Office Furniture Company include the following items: 2025 2024 Cash $44,500 $45,000 Short-term Investments 26,000 14,000 Net Accounts Receivable 102,000 96,000 Merchandise Inventory Total Assets 160,000 152,000 530,000 547,000 Total Current Liabilities 270,000 287,000 Long-term Note Payable 57,000 52.000 What is working capital for 2025?

The financial statements of Carrier Office Furniture Company include the following items: 2025 2024 Cash $44,500 $45,000 Short-term Investments 26,000 14,000 Net Accounts Receivable 102,000 96,000 Merchandise Inventory Total Assets 160,000 152,000 530,000 547,000 Total Current Liabilities 270,000 287,000 Long-term Note Payable 57,000 52.000 What is working capital for 2025?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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