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Holiday Confections Has the Following Balance Sheet Figures for the Year

Question 86

Multiple Choice

Holiday Confections has the following balance sheet figures for the year ending December 31, 2018: Cash $1,000
Marketable securities 5,000
Inventory 3,000
$9,000
Accounts payable $2,000
Notes payable 1,000
$3,000
Its net working capital is:


A) $1,000
B) $3,000
C) $6,000
D) $9,000
E) cannot be calculated from the information provided

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