Astin Company has current assets of $82,530, total assets of $242,050, total net income of $58,240, current liabilities of $72,120, and total liabilities of $205,300. Astin's Company's working capital is

A) $10,410
B) $24,920
C) $36,570
D) $68,650

Question

Mikayla Cunney · Accepted Answer

Final Answer : A, Explanation :  Working capital is calculated as current assets minus current liabilities. For Astin Company, this is $82,530 - $72,120 = $10,410.

Astin Company has current assets of $82,530, total assets of $242,050, total net income of $58,240, current liabilities of $72,120, and total liabilities of $205,300. Astin's Company's working capital is

A) $10,410
B) $24,920
C) $36,570
D) $68,650

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Astin Company has current assets of $82,530, total assets of $242,050, total net income of $58,240, current liabilities of $72,120, and total liabilities of $205,300. Astin's Company's working capital isA) $10,410B) $24,920C) $36,570D) $68,650

Definitions

Learning Objectives

Learning Objectives

Related questions

Astin Company has current assets of $82,530, total assets of $242,050, total net income of $58,240, current liabilities of $72,120, and total liabilities of $205,300. Astin's Company's working capital is

A) $10,410
B) $24,920
C) $36,570
D) $68,650