The working capital at the end of Year 2 is: * Sample format: 111 Data from National Corporation's most recent balance sheet appear below: Year 2 Year 1 Current assets: Cash Accounts receivable Inventory Prepaid expenses. Total current assets Total current liabilities. P100 250 120 95 P565 P250 P160 300 110 80 P650 P270

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
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Chapter6: Statement Of Cash Flows
Section: Chapter Questions
Problem 20E
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The working capital at the end of Year 2 is: *
Sample format: 111
Data from National Corporation's most recent balance sheet appear below:
"Year 2
Year 1
Current assets:
Cash
Accounts receivable
Inventory.
Prepaid expenses.
Total current assets.
Total current liabilities.
P100
250
120
95
P565
P250
P160
300
110
80
P650
P270
Sales on account in Year 2 amounted to P1,440 and the cost of goods sold was
P890.
Transcribed Image Text:The working capital at the end of Year 2 is: * Sample format: 111 Data from National Corporation's most recent balance sheet appear below: "Year 2 Year 1 Current assets: Cash Accounts receivable Inventory. Prepaid expenses. Total current assets. Total current liabilities. P100 250 120 95 P565 P250 P160 300 110 80 P650 P270 Sales on account in Year 2 amounted to P1,440 and the cost of goods sold was P890.
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