Excerpts from Colter Corporation's Most Recent Balance Sheet Appear Below

question 107

Multiple Choice

Excerpts from Colter Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,210 and the cost of goods sold was $720.The working capital at the end of Year 2 is:

• A) $850
• B) $770
• C) $400
• D) $80

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