Young Corporation has Current Assets of $125,000, Current Liabilities of $50,000, Long-Term Liabilities of $25,000 and Total Assets of $300,000. What is the working capital of Young Corporation? a.$150,000 b.$425,000 c.$500,000 d.$75,000

Young Corporation has Current Assets of $125,000, Current Liabilities of $50,000, Long-Term Liabilities of $25,000 and Total Assets of $300,000. What is the working capital of Young Corporation? a.$150,000 b.$425,000 c.$500,000 d.$75,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Young Corporation has Current Assets of
$125,000, Current Liabilities of $50,000,
Long-Term Liabilities of $25,000 and
Total Assets of $300,000. What is the
working capital of Young Corporation?
a.$150,000
b.$425,000
c.$500,000
d.$75,000

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