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Washington Corporation Has the Following Financial Data for 2013 and 2012

Question 59

Multiple Choice

Washington Corporation has the following financial data for 2013 and 2012. 20122013 ASSSETS  Curent Assets: 9,000$37,000 Cash 11,0008,000 Marketable Securities 25,00032,000 Accounts Receivable 10,00013,000 Other Current Assets 55,00090,000 Total Current Assets 120,000135,000 Fixed Assets(net)  $175,000$225,000 Total Assets  Liabilities $40,000$71,000 Curent Liabilities 35,00034,000 Long-term Liabilities $75,000$105,000 Total Libilities $100,000$120,000 Total Stocklohlers’Equity $175,000$225,000 Total Linbilities And StockJolders’ Equity \begin{array}{|l|c|l|}\hline2012&2013\\\hline&&\text { ASSSETS }\\\hline & & \text { Curent Assets: } \\\hline 9,000 & \$ 37,000 & \text { Cash } \\\hline 11,000 & 8,000 & \text { Marketable Securities } \\\hline 25,000 & 32,000 & \text { Accounts Receivable } \\\hline 10,000 & 13,000 & \text { Other Current Assets } \\\hline 55,000 & 90,000 & \text { Total Current Assets } \\\hline 120,000 & 135,000 & \text { Fixed Assets(net) } \\\hline \$ 175,000 & \$ 225,000 & \text { Total Assets } \\\hline & & \text { Liabilities } \\\hline \$ 40,000 & \$ 71,000 & \text { Curent Liabilities } \\\hline 35,000 & 34,000 & \text { Long-term Liabilities } \\\hline \$ 75,000 & \$ 105,000 & \text { Total Libilities } \\\hline \$ 100,000 & \$ 120,000 & \text { Total Stocklohlers'Equity } \\\hline \$ 175,000 & \$ 225,000 & \text { Total Linbilities And StockJolders' Equity } \\\hline\end{array} What is Washington's working capital for 2013?


A) $6,000
B) $19,000
C) $0
D) $120,000

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