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The financial statements of Katherine Company include the following items: 2024 Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Total Current Liabilities Long-term Notes Payable What is working capital for 2024? OA. $171,000 OB. $69,300 OC. $28,000 O D. $176,300 2025 $46,300 28,000 102,000 166,000 527,000 273,000 64,000 $53,000 20,000 98,000 148,000 541,000 291,000 65,000

The financial statements of Katherine Company include the following items: 2024 Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Total Current Liabilities Long-term Notes Payable What is working capital for 2024? OA. $171,000 OB. $69,300 OC. $28,000 O D. $176,300 2025 $46,300 28,000 102,000 166,000 527,000 273,000 64,000 $53,000 20,000 98,000 148,000 541,000 291,000 65,000

FINANCIAL ACCOUNTING
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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The financial statements of Katherine Company include the following items: 2024 Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Total Current Liabilities Long-term Notes Payable What is working capital for 2024? OA. $171,000 OB. $69,300 OC. $28,000 O D. $176,300 2025 $46,300 28,000 102,000 166,000 527,000 273,000 64,000 $53,000 20,000 98,000 148,000 541,000 291,000 65,000
Transcribed Image Text:The financial statements of Katherine Company include the following items: 2024 Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Total Current Liabilities Long-term Notes Payable What is working capital for 2024? OA. $171,000 OB. $69,300 OC. $28,000 O D. $176,300 2025 $46,300 28,000 102,000 166,000 527,000 273,000 64,000 $53,000 20,000 98,000 148,000 541,000 291,000 65,000
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