Current assets and current liabilities for Brayden Company are as follows: What is the working capital for 20Y9 and 20Y8?
A) $498,600 and $532,400
B) $229,300 and $230,900
C) $269,300 and $301,500
D) $(230,900) and $(229,300)

Question

Current assets and current liabilities for Brayden Company are as follows:​​  What is the working capital for 20Y9 and 20Y8?​
A) $498,600 and $532,400 
B) $229,300 and $230,900 
C) $269,300 and $301,500 
D) $(230,900) and $(229,300)

Quizplus · Accepted Answer

Working capital is calculated by subtracting current liabilities from current assets.

For 20Y9: 
Current assets = $1,272,200 
Current liabilities = $1,042,900 
Working capital = $1,272,200 - $1,042,900 = $229,300

For 20Y8: 
Current assets = $763,100 
Current liabilities = $532,200 
Working capital = $763,100 - $532,200 = $230,900

Therefore, the best choice is B.

Current Assets and Current Liabilities for Brayden Company Are as Follows:​​

Current Assets and Current Liabilities for Brayden Company Are as Follows: