If a company has current assets of $2,100,000 and current liabilities of $500,000, calculate its working capital.
A)$2,100,000
B)$2,600,000
C)$1,600,000
D)$ 500,000

Question

Quizplus · Accepted Answer

Working capital is calculated by subtracting current liabilities from current assets. Therefore, the working capital is $2,100,000 - $500,000 = $1,600,000. Option C is the correct answer.

If a Company Has Current Assets of $2,100,000 and Current