Use the table for the question(s)below.
-The above diagram shows a balance sheet for a certain company. All quantities shown are in millions of dollars. What is the company's net working capital?
A)$60 million
B)$11 million
C)$50 million
D)$48 million

Question

Use the table for the question(s)below. 
-The above diagram shows a balance sheet for a certain company. All quantities shown are in millions of dollars. What is the company's net working capital?
A)$60 million 
B)$11 million 
C)$50 million 
D)$48 million

Quizplus · Accepted Answer

Net working capital is calculated by subtracting current liabilities from current assets. In this case, the current assets are $150 million and the current liabilities are $90 million. Therefore, the net working capital is $150 million - $90 million = $60 million.

Use the Table for the Question(s)below