Use the Tables for the Question(s) Below

question 24

Multiple Choice

Use the tables for the question(s) below.
Pro Forma Income Statement for Ideko, 2010-2015
Pro Forma Balance Sheet for Ideko, 2010-2015

-The amount of net working capital for Ideko in 2010 is closest to ________.

• A) $26,200
• B) $35,195
• C) $30,510
• D) $29,420

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Definitions:

Implied Warranty

A legal guarantee that a product will meet a minimum level of quality and functionality, assumed in a sale even if not expressly stated.

Express Warranty

An explicit guarantee by a seller regarding the condition, quality, or performance of the product being sold.

Consumer Good

Any tangible commodity produced and subsequently purchased to satisfy the current wants and perceived needs of the buyer.

Warranty Of Merchantability

An implied assurance that goods are sufficiently free from defect, fit for the general purpose for which they are sold.