30. Assume that the Current Assets for Shine Co. as of Decem…
30. Assume that the Current Assets for Shine Co. as of December 31, 20Y6, are listed below. Assume further that the total Current Liabilities on the same date are $200,000. What is the amount of the working capital for Shine Co. on December 31, 20Y6? ASSETS Current assets: Cash $160,000 Marketable securities 75,000 Accounts Receivable (net) 65,000 Inventories 140,000 Total current assets $440,000
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