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

question 40

Multiple Choice

NICO Corporation had current assets of $2,000,000 at the end of 2019 and $1,800,000 at the end of 2018.In addition,NICO had accounts payable of $1,000,000 in 2019 and $1,500,000 in 2018.Using this information,NICO's net current asset investment for 2019 was ________.

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

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Definitions:

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