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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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