Mickey Corporation has total current assets equal to $80,000 and working capital of $20,000. Minnie Company has the same amount of working capital, but it has total current assets of $300,000. The company with the better working capital position is:
A) Mickey Corporation.
B) Minnie Company.
C) They both have equally good working capital positions.
D) indeterminable with the information given.
Correct Answer:
Verified
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