The financial statements of Katherine Company include the following items: 2025 2024 Cash $48,700 $54,000 Short−term Investments
The financial statements of Katherine Company include the following items for the years 2025 and 2024:
- Cash: $48,700 (2025), $54,000 (2024)
- Short-term Investments: $28,000 (2025), $13,000 (2024)
- Net Accounts Receivable: $102,000 (2025), $95,000 (2024)
- Merchandise Inventory: $166,000 (2025), $140,000 (2024)
- Total Assets: $527,000 (2025), $550,000 (2024)
- Total Current Liabilities: $273,000 (2025), $291,000 (2024)
- Long-term Notes Payable: $64,000 (2025), $70,000 (2024)
What is the working capital for 2024? A. $11,000 B. $178,700 C. $162,000 D.
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