Excerpts from Colter Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,560 and the cost of goods sold was $930.The working capital at the end of Year 2 is:
A) $498
B) $966
C) $656
D) $122

Question

Excerpts from Colter Corporation's most recent balance sheet appear below:  Sales on account in Year 2 amounted to $1,560 and the cost of goods sold was $930.The working capital at the end of Year 2 is:
A) $498 
B) $966 
C) $656 
D) $122

Quizplus · Accepted Answer

The Answer of Excerpts from Colter Corporation's most recent balance sheet appear below:  Sales on account in Year 2 amounted to $1,560 and the cost of goods sold was $930.The working capital at the end of Year 2 is:
A) $498 
B) $966 
C) $656 
D) $122

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