Working capital is calculated as: a) Total assets minus total liabilities b) Current assets minus current liabilities c) Fixed assets minus current liabilities d) Total equity minus long-term debt.

Principles of Accounting Volume 1
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Author:OpenStax
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Chapter2: Introduction To Financial Statements
Section: Chapter Questions
Problem 17MC: Working capital is an indication of the firms ________. A. asset utilization B. amount of noncurrent...
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Working capital is calculated as:
a) Total assets minus total liabilities
b) Current assets minus current liabilities
c) Fixed assets minus current liabilities
d) Total equity minus long-term debt.
Transcribed Image Text:Working capital is calculated as: a) Total assets minus total liabilities b) Current assets minus current liabilities c) Fixed assets minus current liabilities d) Total equity minus long-term debt.
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