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)$47 000
C)$40 000
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)$47 000 
C)$40 000 
D)$89 000

Quizplus · Accepted Answer

Net Working Capital is calculated as Current Assets minus Current Liabilities. Without the specific numbers from the balance sheet provided, the correct answer cannot be determined from the information given. However, the concept behind calculating Net Working Capital involves subtracting the total current liabilities from the total current assets.

Use the Table for the Question(s)below