Use the table for the question(s)below.
Pro Forma Income Statement for Ideko,2005-2010
-The amount of net working capital (in 000's)for Ideko in 2006 is closest to:
A)$22,750.
B)$35,195.
C)$30,510.
D)$26,420.

Question

Use the table for the question(s)below.
Pro Forma Income Statement for Ideko,2005-2010 
-The amount of net working capital (in 000's)for Ideko in 2006 is closest to:
A)$22,750. 
B)$35,195. 
C)$30,510. 
D)$26,420.

Quizplus · Accepted Answer

Net working capital is calculated as current assets minus current liabilities. In 2006, Ideko's current assets were $57,945 and its current liabilities were $35,195. Therefore, its net working capital was $57,945 - $35,195 = $22,750.

Use the Table for the Question(s)below