NICO Corporation Had Net Current Assets of $2,000,000 at the End

question 135

Multiple Choice

NICO Corporation had net current assets of $2,000,000 at the end of 2015 and $1,800,000 at the end of 2014. In addition, NICO had net spontaneous current liabilities of $1,000,000 in 2015 and $1,500,000 in 2014. Using this information, NICO's net current asset investment for 2014 was ________.

• A) $700,000
• B) -$300,000
• C) $300,000
• D) -$700,000

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