Example 8.1
The information below pertains to the following questions.
ABC reported $356 500 for current assets and $100 500 for other assets. It also had $175 000 of current liabilities. ABC's quick assets totalled $222 000, and its long-term liabilities totalled $105 000.
-Refer to Example 8.1. Determine ABC's working capital.
A) $256 000
B) $181 500
C) $457 000
D) $31 000

Question

Quizplus · Accepted Answer

current assets - current liabilities, so 356 500 - 175 000 = 181 500

Example 8.1 The Information Below Pertains to the Following Questions