Financial Statements for Marcell Company Appear Below -Marcell Company's Working Capital (In Thousands of Dollars)at the End

Multiple Choice

Financial statements for Marcell Company appear below:

$\begin{array}{|l|r|}\hline &\begin{array}{r}\text { Marcell Company } \\\text { Income Statement }\\\text { For the Year Ended December 31, Year } \\2 \\\text { (dollars in thousands) } \\\end{array} \\\hline \text { Sales (All on Account) } & \$ 2550 \\\hline \text { Costs of Goods Sold } & \$ 1780 \\\hline \text { Gross Margin } & \$ 770 \\\hline \text { Operating Expenses } & \$ 300 \\\hline \text { Net Operating Income } & \$ 470 \\\hline \text { Interest Expense } & \$ 50 \\\hline \text { Net Income before Taxes } & \$ 420 \\\hline \text { Income Taxes (30\%) } & \$ 126 \\\hline \text { Net Income } & \$ 294 \\\hline\end{array}$


-Marcell Company's working capital (in thousands of dollars) at the end of Year 2 was closest to which of the following?

A) $20.
B) $470.
C) $520.
D) $1,240.