Based on the information in Table 2, how much short-term financing is needed by March 30, 2017?
A) $110,000
B) $15,000
C) $70,000
D) $85,000

Question

Quizplus · Accepted Answer

By adding up the total current liabilities as of March 30, 2017, we get $120,000. By subtracting the total current assets as of the same date, which is $35,000, we get $85,000, which is the amount of short-term financing needed.

Based on the Information in Table 2, How Much Short-Term