Excerpts from Sydner Corporation's most recent balance sheet appear below:
Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900.
-The working capital at the end of Year 2 is:
A) $600
B) $1,000
C) $880
D) $240

Question

Excerpts from Sydner Corporation's most recent balance sheet appear below:
  Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900.
-The working capital at the end of Year 2 is:
A) $600 
B) $1,000 
C) $880 
D) $240

Quizplus · Accepted Answer

Working capital = Current assets - Current liabilities = $600 - $360 = $240

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