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    Managerial Accounting Study Set 5
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    Exam 15: Financial Statement Analysis
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    Excerpts from Colter Corporation's Most Recent Balance Sheet Appear Below
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Excerpts from Colter Corporation's Most Recent Balance Sheet Appear Below

Question 150

Question 150

Multiple Choice

Excerpts from Colter Corporation's most recent balance sheet appear below:
Excerpts from Colter Corporation's most recent balance sheet appear below:    Sales on account in Year 2 amounted to $1,210 and the cost of goods sold was $720. -The working capital at the end of Year 2 is: A)  $850 B)  $770 C)  $400 D)  $80 Sales on account in Year 2 amounted to $1,210 and the cost of goods sold was $720.
-The working capital at the end of Year 2 is:


A) $850
B) $770
C) $400
D) $80

Correct Answer:

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