Tre-Bien Bakeries Generated Net Income of $233,412 This Year

question 9

Multiple Choice

Tre-Bien Bakeries generated net income of $233,412 this year. At year end, the company had accounts receivables of $47,199, inventory of $63,781, and cash of $21,461. It also had accounts payables of $51,369, short-term notes payables of $11,417, and accrued taxes of $6,145. The net working capital of the firm is

• A) $68,931.
• B) $63,510.
• C) $69,655.
• D) None of the above

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Definitions:

Transitional Epithelial

A type of epithelium that can stretch and change its shape, found lining organs that need to expand, such as the bladder.

Binuclear

Describes a family structure that spans two households, especially after separation or divorce, where children are members of both parents' homes.

Blended

Refers to families formed from previous relationships, involving step-siblings and/or step-parents, blending individuals from different families into one unit.

Extended

Prolonged or continued beyond the usual or expected duration.