The accounts and balances shown below were gathered from Pastel Corporation's trial balance on December 31,2014.All adjusting entries have been made.

-See information for Pastel Corporation above.Pastel Corporation's working capital is
A) $77,700.
B) $73,100.
C) $62,500.
D) $125,700.

Question

The accounts and balances shown below were gathered from Pastel Corporation's trial balance on December 31,2014.All adjusting entries have been made.
 
-See information for Pastel Corporation above.Pastel Corporation's working capital is
A) $77,700. 
B) $73,100. 
C) $62,500. 
D) $125,700.

Quizplus · Accepted Answer

Working capital is calculated as current assets minus current liabilities. The correct choice is $77,700, assuming the given information supports this calculation.

The Accounts and Balances Shown Below Were Gathered from Pastel