0 out of 1 points sh of 10000 accounts receivable of 34000 i
0 out of 1 points sh of $10,000, accounts receivable of $34,000, inventory of $26,000, and, equipment of $50,000. Assuming current liabilities of $24,000, this company\'s working capital is Selected Answer:?[None Given] Correct Answer: C.$46,000. assets minus current liabilities-($10,000 + 34,000 + 26,000-24,000-$46,000 (Note that equipment is not current asset).
Solution
Ans: Working Capital= Current asset- current Liability
Current Asset= Cash + Accounts Receivable + Inventory
= $(10000+34000+26000)= $ 70000
Working Capital= $ 70000-24000
= $ 46000
