Tre-Bien Bakeries Generated Net Income of $233,412 This Year

Multiple Choice

Tre-Bien Bakeries generated net income of $233,412 this year. At year end, the company had accounts receivables of $47,199, inventory of $63,781, and cash of $21,461. It also had accounts payables of $51,369, short-term notes payables of $11,417, and accrued taxes of $6,145. The net working capital of the firm is

A) $68,931
B) $63,510
C) $69,655
D) none of the above