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Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
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Phoniex University
Oct-2001 - Nov-2016
Balance sheet; Current versus noncurrent classification
Presented below is the ending balances of accounts for the Kansas Instruments Corporation at December 31, 2016.

Additional Information:
1. The note receivable, along with any accrued interest, is due on November 22, 2017.
2. The note payable is due in 2020. Interest is payable annually.
3. The marketable securities consist of treasury bills, all of which mature in the next year.
4. Deferred revenue will be recognized as revenue equally over the next two years.
Required:
Determine the company’s working capital (current assets minus current liabilities) at December 31, 2016.
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