Consider a company in which current assets are $48,116, long-term assets are $65,334, current liabilities are $40,562, long-term liabilities are $49,716, and total equity is $23,172. Net working capital is closest to:
A) $7,554
B) $15,618
C) $23,172
D) $88,678

Question

Quizplus · Accepted Answer

Net working capital is calculated as current assets minus current liabilities. Therefore, it is $48,116 - $40,562 = $7,554.

Consider a Company in Which Current Assets Are $48,116, Long-Term