Which financial statement reports information helpful in assessing working capital?

Question

Quizplus · Accepted Answer

The balance sheet reports the assets and liabilities of a company at a specific point in time, which includes current assets and current liabilities. Working capital can be calculated by subtracting current liabilities from current assets, making the balance sheet a helpful tool in assessing a company's working capital. The other options (B, C, D) do not provide information specifically related to working capital.

Which Financial Statement Reports Information Helpful in Assessing Working Capital