Asked by Sophie Hansen on Apr 28, 2024
Verified
The company's working capital is:
A) $671,000
B) $665,000
C) $418,000
D) $983,000
Working Capital
The difference between a company's current assets and current liabilities, indicating the short-term financial health of the business.
Company
An organization created by several individuals for the purpose of running and managing a business, which can be either commercial or industrial in nature.
- Compute a business's working capital for an assessment of its immediate financial condition.
Verified Answer
KL
Karen LeungApr 29, 2024
Final Answer :
C
Explanation :
Working capital = Current assets - Current liabilities
= $671,000 - $253,000 = $418,000
= $671,000 - $253,000 = $418,000
Learning Objectives
- Compute a business's working capital for an assessment of its immediate financial condition.
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