The following balance sheet information is provided for Apex Company for Year 2:

What is the company's working capital?
A)$24,500
B)$20,300
C)$4,900
D)$22,900

Name: The following balance sheet information is provided for Apex Company for Year 2: What is the company's working capital? A)$24,500 B)$20,300 C)$4,900 D)$22,900
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Question

The following balance sheet information is provided for Apex Company for Year 2:

What is the company's working capital?
A)$24,500 
B)$20,300 
C)$4,900 
D)$22,900

Quizplus · Accepted Answer

Working capital = Current assets - Current liabilities
Working capital = ($5,400 + $15,500 + $18,000 + $1,600)- ($4,500 + $11,500)= $40,500 - $16,000 = $24,500

The Following Balance Sheet Information Is Provided for Apex Company