Which of the following must be known in order to determine the firm's total amount of working capital? Current assets Current liabilities
A) Yes Yes
B) Yes No
C) No Yes
D) No No

Question

Quizplus · Accepted Answer

To determine the firm's total amount of working capital, both current assets and current liabilities must be known. Current assets represent the resources that can be easily converted into cash within a short time period and current liabilities represent the debts that are due within a short time period. Subtracting current liabilities from current assets will give the total amount of working capital.

Which of the Following Must Be Known in Order to Determine