working capital
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Free InquiryCarter Co. had the following items on its balance sheet at the end of the current year:
Cash and cash equivalents $ 200,000
Short-term investments 100,000
Accounts receivable 400,000
Inventories 600,000
Patent–10 years 300,000
Equipment 1,000,000
Accumulated depreciation 200,000
The amount of current liabilities at the end of the current year was $640,000. What is Carter’s working capital at the end of the current omgomg onion year?
A.$60,000
B.$560,000
C.$660,000
D.$960,000
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