A firm has $1,800 in fixed assets, $400 in net working capital, $200 in accounts payable, and $100 in cash. What is the amount of the current assets?

Question

Quizplus · Accepted Answer

Current assets are calculated as net working capital plus current liabilities. Given net working capital is $400 and accounts payable (a current liability) is $200, the current assets are $400 + $200 = $600.

A Firm Has $1,800 in Fixed Assets, $400 in Net