The net working capital for a company with current assets of $78,000,quick assets of $42,000,total assets of $177,000 current liabilities of $60,000 and net sales of $90,000 would be:
A)$60,000.
B)$30,000.
C)$18,000.
D)$117,000.

Question

Quizplus · Accepted Answer

Net working capital is calculated as current assets minus current liabilities. Here, it is $78,000 (current assets) - $60,000 (current liabilities) = $18,000.

The Net Working Capital for a Company with Current Assets