The Financial Statements of Barker Office Furniture Company Include the Following

question 121

Multiple Choice

The financial statements of Barker Office Furniture Company include the following items: $$\begin{array} { l r r } & 2017 & 2016 \\\text { Cash } & \$ 52,500 & \$ 49,000 \\\text { Short-term Investments } & 32,000 & 17,000 \\\text { Net Accounts Receivable } & 92,000 & 99,000 \\\text { Merchandise Inventory } & 159,000 & 144,000 \\\text { Total Assets } & 531,000 & 551,000 \\\text { Total Current Liabilities } & 267,000 & 292,000 \\\text { Long-term Note Payable } & 60,000 & 55,000 \end{array}$$ What is working capital for 2017?

• A)$204,000
• B)$68,500
• C)$36,500
• D)$90,500

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Definitions:

Whites

A term that can refer to a racial or ethnic group characterized by a light skin tone.

Blacks

A term referring to people of African descent, often used in the context of discussions about race and ethnicity.

Psychoanalytic Perspective

A branch of psychology focusing on the unconscious mind and its influence on human behavior and thought processes.

Abandoning

The act of leaving something or someone behind, often implying a lack of intent to return or resume contact.