Balance Sheet The balance sheet for a small firm is shown above. All amounts are in thousands of dollars. What is this firm's Net Working Capital?
A)$126 thousand
B)$7 thousand
C)$46 thousand
D)$86 thousand

Question

Balance Sheet  The balance sheet for a small firm is shown above. All amounts are in thousands of dollars. What is this firm's Net Working Capital?
A)$126 thousand 
B)$7 thousand 
C)$46 thousand 
D)$86 thousand

Quizplus · Accepted Answer

Net Working Capital = Current Assets - Current Liabilities
Net Working Capital = (37 + 49 + 27 + 28 + 10) - (3 + 14 + 11)
Net Working Capital = $46 thousand

Balance Sheet the Balance Sheet for a Small Firm