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MMLU / Carter Co. had the following items on its balance sheet at the end of the…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Carter Co. had the following items on its balance sheet at the end of the current year: Cash and cash equivalents $ 200000 Short-term investments 100000 Accounts receivable 400000 Inventories 600000 Patent–10 years 300000 Equipment 1000000 Accumulated depreciation 200000 The amount of current liabilities at the end of the current year was $640000. What is Carter's working capital at the end of the current year?
Plain-text mathematical notation (without MathML)
Carter Co. had the following items on its balance sheet at the end of the current year: Cash and cash equivalents $ 200000 Short-term investments 100000 Accounts receivable 400000 Inventories 600000 Patent–10 years 300000 Equipment 1000000 Accumulated depreciation 200000 The amount of current liabilities at the end of the current year was $640000. What is Carter's working capital at the end of the current year?
Original LaTeX notation
Carter Co. had the following items on its balance sheet at the end of the current year: Cash and cash equivalents $ 200000 Short-term investments 100000 Accounts receivable 400000 Inventories 600000 Patent–10 years 300000 Equipment 1000000 Accumulated depreciation 200000 The amount of current liabilities at the end of the current year was $640000. What is Carter's working capital at the end of the current year?

choices

  1. $60,000
  2. $560,000
  3. $660,000
  4. 960000

subject

professional_accounting

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Source and history

task_id
27e7312a-c25e-5dba-975b-90231bf6a7bb
task_key
all--test--27e7312a-c25e-5dba-975b-90231bf6a7bb
task_revision_id
1
config / split
all / test

Official source

initial import