Answered: If a company has current assets of…

If a company has current assets of $572,000 and current liabilities of $246,000, what is its working capital? (A) $60,000 (B) $80,000 (C) $100,000 (D) $120,000 (E) $326,000

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 $572,000 and current liabilities of $246,000, what is its working capital? (A) $60,000 (B) $80,000 (C) $100,000 (D) $120,000 (E) $326,000

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