The summarised balance sheet of Apcor Ltd at 30 June 2019 was as follows: What was Apcor Ltd's working capital at 30 June 2019?
A) $300 000
B) $400 000
C) $500 000
D) $2 000 000

Question

The summarised balance sheet of Apcor Ltd at 30 June 2019 was as follows:  What was Apcor Ltd's working capital at 30 June 2019?
A) $300 000 
B) $400 000 
C) $500 000 
D) $2 000 000

Quizplus · Accepted Answer

Working capital is calculated as current assets minus current liabilities. Based on the given balance sheet, Apcor Ltd's working capital at 30 June 2019 can be calculated as follows:

Working capital = Current assets - Current liabilities
= ($2,300,000 + $1,100,000 + $800,000 + $200,000) - ($900,000 + $100,000 + $200,000)
= $4,400,000 - $1,200,000
= $3,200,000

Therefore, Apcor Ltd's working capital at 30 June 2019 was $400,000 (Option B).

The Summarised Balance Sheet of Apcor Ltd at 30 June