Use the information below for the Michigan Auto Corporation (MAC) to answer the following questions....
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Accounting
Use the information below for the Michigan Auto Corporation (MAC) to answer the following questions.
Balance Sheet Accounts of Michigan Auto Corporation (MAC) Corporation
| Account | Balance 12/31/2017 |
| Accumulated depreciation | $7,650 |
| Accounts payable | $6,875 |
| Accounts receivable | $8,000 |
| Cash | $3,750 |
| Common stock | $15,625 |
| Inventory | $11,250 |
| LongminusTerm debt | $17,750 |
| Plant, property, and equipment | $37,000 |
| Retained earnings | $12,100 |
Refer to the Balance Sheet Accounts of MAC Corporation. The value of net working capital at the
yearminusend
is ________.
A.
$
B.
$16,125
C.
$27,725
D.
$4,825
E.
$29,875
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