A firm has $30,000 cash and other current assets amount to $55,000.Total amount of current liabilities add up to $50,000.Calculate the total working capital of this firm.
A) $20,000
B) $5,000
C) $30,000
D) $85,000
E) $35,000

Question

Quizplus · Accepted Answer

A)Working capital = Current assets - current liabilities.
Current assets = $30,000 + $55,000 = $85,000
Working capital = $85,000-$50,000 = $35,000
B)Working capital = Current assets - current liabilities.
Current assets = $30,000 + $55,000 = $85,000
Working capital = $85,000-$50,000 = $35,000
C)Working capital = Current assets - current liabilities.
Current assets = $30,000 + $55,000 = $85,000
Working capital = $85,000-$50,000 = $35,000
D)Working capital = Current assets - current liabilities.
Current assets = $30,000 + $55,000 = $85,000
Working capital = $85,000-$50,000 = $35,000
E)Working capital = Current assets - current liabilities.
Current assets = $30,000 + $55,000 = $85,000
Working capital = $85,000-$50,000 = $35,000

A Firm Has $30,000 Cash and Other Current Assets Amount