Use this information to answer the following question. The total amount of working capital is

Name: Use this information to answer the following question. The total amount of working capital is
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Question

Use this information to answer the following question.  The total amount of working capital is

Quizplus · Accepted Answer

Working capital is calculated by subtracting current liabilities from current assets.
Current assets = $170,000 + $80,000 + $60,000 + $30,000 = $340,000
Current liabilities = $100,000 + $100,000 = $200,000
Working capital = $340,000 - $200,000 = $140,000. So, the correct answer is C.

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