Homework Answers
Answer: C. $64,500
Explanation
Working capital = Total Current assets - Total Current liabilities
Total Current assets = Cash + Short-term Investments + Net Accounts Receivable + Merchandise Inventory
= 50,500 + 25,000 + 92,000 + 164,000
= $ 331,500
Therefore, Working capital = $331,500 - $267,000
= $64,500
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