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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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