Excerpts from Colter Corporation's Most Recent Balance Sheet Appear Below

question 276

Multiple Choice

Excerpts from Colter Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,210 and the cost of goods sold was $720. The working capital at the end of Year 2 is:

• A)$850
• B)$770
• C)$400
• D)$80

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