The TimeNow Corporation had 2017 fixed assets of $1345, current assets of $260, current liabilities of $180 and shareholder's equity of $775. What was the net working capital for TimeNow in 2017?
A) $260.
B) $180.
C) $80.
D) $390.

Question

Quizplus · Accepted Answer

Net working capital is calculated as current assets minus current liabilities. For TimeNow in 2017, this would be $260 (current assets) - $180 (current liabilities) = $80.

The TimeNow Corporation Had 2017 Fixed Assets of $1345, Current