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 2007 is closest to:
A)$30,510.
B)$26,420.
C)$22,170.
D)$35,195.

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 2007 is closest to:
A)$30,510. 
B)$26,420. 
C)$22,170. 
D)$35,195.

Quizplus · Accepted Answer

Net working capital is calculated as current assets minus current liabilities. In 2007, current assets were $87,040 and current liabilities were $60,620. Therefore, net working capital was $26,420 ($87,040 - $60,620).

Use the Table for the Question(s)below