The financial statements of Carrier Office Furniture Company include the following items: What is working capital for 2019?

Question

The financial statements of Carrier Office Furniture Company include the following items:  What is working capital for 2019?

Quizplus · Accepted Answer

Working capital = Current assets - Current liabilities
Working capital = (Cash $49,500 + Short-term Investments $29,000 + Net Accounts Receivable $97,000 + Merchandise Inventory $162,000)- $271,000
Working Capital = $337,500 - $271,000
Working Capital = $66,500

The Financial Statements of Carrier Office Furniture Company Include the Following