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Data from Dunshee Corporation's most recent balance sheet appear below:Year 2Year 1Current ...

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Data from Dunshee Corporation's most recent balance sheet appear below:Year 2Year 1Current ...

Data from Dunshee Corporation's most recent balance sheet appear below:

	Year 2	Year 1
Current assets:
Cash	$ 130	$ 100
Accounts receivable, net	270	290
Inventory	90	110
Prepaid expenses	10	10
Total current assets	$ 500	$ 510
Total current liabilities	$ 230	$ 220

Sales on account in Year 2 amounted to $1,170 and the cost of goods sold was $730.

The working capital at the end of Year 2 is:

▸ $270

▸ $500

▸ $770

▸ $740

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

Read 41 times

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