A company reported current assets of $40,000 and current liabilities of $80,000, therefore, the:
(a) Amount of working capital was $_____________________.
(b) Working capital ratio was $_________________________.

Question

Quizplus · Accepted Answer

The Answer of A company reported current assets of $40,000 and current liabilities of $80,000, therefore, the:
(a) Amount of working capital was $_____________________.
(b) Working capital ratio was $_________________________.

A Company Reported Current Assets of $40,000 and Current Liabilities