Pinecrest Company Use the selected data from Pinecrest Company's financial statements to answer the following question.
Refer to the data for Pinecrest Company.
The amount of working capital at the end of 2014 is
A)$ 36,000
B)$ 44,000
C)$ 99,000
D)$174,000

Question

Pinecrest Company Use the selected data from Pinecrest Company's financial statements to answer the following question.
 Refer to the data for Pinecrest Company.
The amount of working capital at the end of 2014 is
A)$ 36,000 
B)$ 44,000 
C)$ 99,000 
D)$174,000

Quizplus · Accepted Answer

Working capital is calculated as current assets minus current liabilities. From the financial statements, we can see that the current assets at the end of 2014 were $189,000 and the current liabilities were $145,000. Therefore, the working capital would be $189,000 - $145,000 = $44,000.

Pinecrest Company Use the Selected Data from Pinecrest Company's Financial