What Was Nolan's Capital Balance at the End of 2017

question 68

Multiple Choice

What was Nolan's capital balance at the end of 2017?

• A) $200,000.
• B) $224,000.
• C) $238,000.
• D) $246,000.
• E) $254,000.

---

Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to cover its short-term obligations with its current assets.

Long-Term Debt

Debt that is due for payment after more than one year, often used for financing or expanding the company.

Accounts Receivable

The total due to a business from its customers for goods or services which have been issued or consumed, but not yet compensated.

Seasonal Merchandise

Products that are popular, selling, or in demand during specific seasons or periods of the year.