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A company with working capital of $900,000 and a current ratio of 4 pays a $140,000 short-term liability. The amount of working capital immediately after payment is Oa. $140,000 Ob. $1,040,000 Oc. $900,000 Od. $760,000

A company with working capital of $900,000 and a current ratio of 4 pays a $140,000 short-term liability. The amount of working capital immediately after payment is Oa. $140,000 Ob. $1,040,000 Oc. $900,000 Od. $760,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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A company with working capital of $900,000 and a current ratio of 4 pays a $140,000 short-term liability. The amount of working capital immediately after payment is

 
A company with working capital of $900,000 and a current ratio of 4 pays a $140,000 short-term liability. The amount of working capital immediately after payment is Oa. $140,000 Ob. $1,040,000 Oc. $900,000 Od. $760,000
Transcribed Image Text:A company with working capital of $900,000 and a current ratio of 4 pays a $140,000 short-term liability. The amount of working capital immediately after payment is Oa. $140,000 Ob. $1,040,000 Oc. $900,000 Od. $760,000
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