A partial balance sheet and income statement for King Corporation follow: King Corporation. Partial Balance Sheet. . Assets. Current assets: Cash $ 33,493. Marketable securities 215,147. Trade receivables, less allowance of $6,000 255,000. Inventories, LIFO 523,000. Prepaid expenses 26,180..A partial balance sheet and income statement for King Corporation follow: Note: The trade receivables at , were $280,000, net of an allowance of $8,000, for a gross receivables figure of $288,000. The inventory at , was $565,000. Required Compute the following: a. Working capital..Answer to Manufacturing Company Balance Sheet Partial balance sheet data for Lawler Company at , are as follows: .
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