Based on the above data, what is the amount of working capital?
A) $213,000
B) $113,000
C) $153,000
D) $39,000

Name: Based on the above data, what is the amount of working capital? A) $213,000 B) $113,000 C) $153,000 D) $39,000
Brand: Quizplus
Rating: 4.9 (23 reviews)

Question

Based on the above data, what is the amount of working capital?
A) $213,000 
B) $113,000 
C) $153,000 
D) $39,000

Quizplus · Accepted Answer

Working capital can be calculated by subtracting current liabilities from current assets. In this case, current assets are $336,000 and current liabilities are $223,000. Therefore, working capital is:

$336,000 - $223,000 = $113,000

Hence, the correct answer is B.

Based on the Above Data, What Is the Amount of Working