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

Question

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

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 $1,210 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

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