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

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 the given data, the current assets are $223,000 and the current liabilities are $110,000. So, the working capital is $223,000 -$110,000 = $113,000. Therefore, option B is the correct answer.

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