Myriad Canning Company Has the Following Balance Sheet Figures for the Year

question 38

Multiple Choice

Myriad Canning Company has the following balance sheet figures for the year ending December 31, 200X:??Cash $1,000?Marketable securities $5,000?Inventory $3,000?Total current assets $9,000??Accounts payable $2,000?Notes payable $1,000?Total current liabilities $3,000??What is its net working capital?

• A) $1,000
• B) $3,000
• C) $6,000
• D) $9,000

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