A company has the following: Cash $ 10,000 A/R 20,000 Supplies 5,000 Inventory 35,000 Marketable Securities 10,000 Current Liabilities 40,000 Calculate the company's Working Capital

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 8
A company has the following:
Cash
$ 10,000
20,000
Supplies
5,000
Inventory
35,000
Marketable Securities 10,000
Current Liabilities
40,000
A/R
Calculate the company's Working Capital
Select one:
a. $40,000
Ob. $50,000
O c.
$30,000
Od. $10,000
e. $20,000
Transcribed Image Text:Question 8 A company has the following: Cash $ 10,000 20,000 Supplies 5,000 Inventory 35,000 Marketable Securities 10,000 Current Liabilities 40,000 A/R Calculate the company's Working Capital Select one: a. $40,000 Ob. $50,000 O c. $30,000 Od. $10,000 e. $20,000
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