A company has total assets of $120,000, current assets of $63,000, total liabilities of $50,000, and current liabilities of $36,000. What amount of working capital is available to meet its obligations?
A)$13,000
B)$43,000
C)$70,000
D)$27,000

Question

Quizplus · Accepted Answer

Working capital is calculated as current assets minus current liabilities, which is $63,000 - $36,000 = $27,000.

A Company Has Total Assets of $120,000, Current Assets of $63,000