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Myriad Canning Company Has the Following Balance Sheet Figures for the Year

Question 80

Multiple Choice

Myriad Canning Company has the following balance sheet figures for the year ending December 31,200X: Cash $1,000
Marketable securities $5,000
Inventory $3,000
Total current assets $9,000
Accounts payable $2,000
Notes payable $1,000
Total current liabilities $3,000
What is its net working capital?


A) $6,000
B) $9,000
C) $1,000
D) $3,000

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