Use the table for the question(s)below.
-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)$30,000
B)$40,000
C)$47,000
D)$89,000

Question

Use the table for the question(s)below.  
-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)$30,000 
B)$40,000 
C)$47,000 
D)$89,000

Quizplus · Accepted Answer

Net Working Capital is calculated as Current Assets minus Current Liabilities. In this case, it would be (72,000+5,000)-(15,000+15,000). Therefore, the Net Working Capital is $47,000.

Use the Table for the Question(s)below