Darden Company has cash of $40,000,accounts receivable of $60,000,inventory of $32,000,and equipment of $100,000.Assuming current liabilities of $48,000,this company's working capital is:
A)$12,000.
B)$52,000.
C)$144,000.
D)$84,000.

Question

Quizplus · Accepted Answer

Working capital = Current assets- Current liabilities
Working capital = ($40,000 + $60,000 + $32,000)- $48,000 = $84,000

Darden Company Has Cash of $40,000,accounts Receivable of $60,000,inventory of $32,000,and