The 2013 and 2014 partial balance sheets for Ottoman Industries are shown below. Calculate Ottoman's working capital for 2014.
A)$26,000
B)$36,000
C)1.65
D)1.53

Name: The 2013 and 2014 partial balance sheets for Ottoman Industries are shown below. Calculate Ottoman's working capital for 2014. A)$26,000 B)$36,000 C)1.65 D)1.53
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Question

The 2013 and 2014 partial balance sheets for Ottoman Industries are shown below.  Calculate Ottoman's working capital for 2014.
A)$26,000 
B)$36,000 
C)1.65 
D)1.53

Quizplus · Accepted Answer

Working capital is calculated as current assets minus current liabilities. 
For 2014: 
Working capital = $71,000 - $45,000 = $26,000. 
Therefore, the answer is A) $26,000.

The 2013 and 2014 Partial Balance Sheets for Ottoman Industries