You have been provided the following information about High Inc.
$\begin{array}{|l|l|l|}
\hline {\text { in thousands of dollars) }} & {2005} &{2006} \
\hline \text { Current Assets } & \$ 158 & \$ 163 \
\hline \text { Long Term Assets } & \$ 453 & \$ 502 \
\hline \text { Current Liabilities } & \$ 102 & \$ 143 \
\hline \text { Long Term Liabilities } & \$ 302 & \$348 \
\hline \text { Net Income } & \$ 32 & \$ 42 \
\hline
\end{array}$
-Working Capital for 2005 is:
A) $56,000
B) $20,000
C) $151,000
D) $207,000

Question

You have been provided the following information about High Inc.
 $\begin{array}{|l|l|l|}
\hline {\text { in thousands of dollars) }} & {2005}  &{2006} \
\hline \text { Current Assets } & \$ 158 & \$ 163 \
\hline \text { Long Term Assets } & \$ 453 & \$ 502 \
\hline \text { Current Liabilities } & \$ 102 & \$ 143 \
\hline \text { Long Term Liabilities } & \$ 302 & \$348 \
\hline \text { Net Income } & \$ 32 & \$ 42 \
\hline
\end{array}$
-Working Capital for 2005 is:
A) $56,000
B) $20,000
C) $151,000
D) $207,000

Quizplus · Accepted Answer

Working Capital = Current Assets - Current Liabilities = $158,000 - $102,000 = $56,000

You Have Been Provided the Following Information About High Inc