Pinecrest Company
Use the selected data from Pinecrest Company's financial statements to answer the following question.
-Refer to the data for Pinecrest Company.
The amount of working capital at the end of 2016 is
A)$ 36,000
B)$ 44,000
C)$ 99,000
D)$174,000

Question

Pinecrest Company
Use the selected data from Pinecrest Company's financial statements to answer the following question. 
-Refer to the data for Pinecrest Company.
The amount of working capital at the end of 2016 is
A)$ 36,000 
B)$ 44,000 
C)$ 99,000 
D)$174,000

Quizplus · Accepted Answer

Working capital is calculated by subtracting current liabilities from current assets. From the given data, we can calculate the working capital at the end of 2016 as:
Working capital = Current assets - Current liabilities
= $150,000 - $106,000
= $44,000
Therefore, the amount of working capital at the end of 2016 is $44,000, which corresponds to choice B.

Pinecrest Company Use the Selected Data from Pinecrest Company's Financial Statements to Statements