Provide answer If a company has current assets of $200,000 and current liabilities of $120,000, what is itsworking capital?.A) $60,000•.B) $80,000•. C) $100,000D) $120,000

Explanation of Current Assets:Current assets are short-term assets that are expected to be converted…

Answered: If a company has current assets of…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter5: Completing The Accounting Cycle

Section: Chapter Questions

Problem 16MC: If current assets are $100,000 and current liabilities are $42,000, what is the working capital? A....

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ines) Text Predictions: On ABC Inc. Balance Sheet as at December 31, 2015 and 2016 ($ thousands) Current Assets Cash Accounts Receivable Inventory Total Current Assets Fixed Assets Property, Plant & Equipment Less Accumulated Depreciation Property, Plant & Equipment, net Total Assets Liabilities and S/H Equity Current Liabilities Accounts Payable Notes Payable and short-term debt Total Current Liabilities Long-Term Debt Shareholders Equity Common Shares Pald-In Capital Retained Earnings Total Total Liabilities and S/H Equity ABC Inc. Income Statement for 2015 and 2016 ($ thousands) Revenue Cost of Goods Sold Operating Expenses Depreciation Earnings Before Interest & Taxes (EBIT) Interest Paid Income Before Taxes (EBT) Taxes Paid Net Income (N1) Dividend Accessibility: Investigate O sente 2015 $ 200 450 550 $1,200 2,200 (1.000) 1,200 $2,400 $ 200 0 $ 200 $ 600 ***** $1,600 $2,400 2015 $1,200 700 30 220 $ 250 50 $ 200 300 600 700 8.0 S 120 1 2016 2016 $1,450 850 40 200 $360 60 $ 300 120…

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If a company has current assets of $200,000 and current liabilities of $120,000, what is its working capital? . A) $60,000 •. B) $80,000 • . C) $100,000 D) $120,000