If current assets are $100,000 and current liabilities are $42,000, what is the working capital? A. 200
Question:
If current assets are $100,000 and current liabilities are $42,000, what is the working capital?
A. 200 percent
B. 50 percent
C. 2.0
D. $58,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
Step 1 Working capital is the amount of capital or money ...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted:
Students also viewed these Business questions
-
What is the working capital ratio?
-
What is the working capital turnover ratio?
-
What is the working capital cycle?
-
Suppose that, in an attempt to raise more revenue, Nowhere State University (NSU) increases its tuition. Will this necessarily result in more revenue? Under what conditions will revenue (a) rise, (b)...
-
Go to the Global Economic Crisis Resource Center. Select Global Issues in Context. In the Basic Search box at the top of the page, enter the word "poverty." On the Results page, click on the link to...
-
Given are the amounts of assets, liabilities, owner's equity, revenues, and expenses of AQUA Inc. at 12/31/10. The beginning amount of Retained Earnings at 1/1/10 was $20,000, and during the year...
-
Parent S requires three of component T and two of component U. Both T and U are run on work center 30. Setup time for T is 7 hours, and run time is 0.1 hour per piece. For component U, setup time is...
-
Refer to the Real Estate data, which report information on homes sold in the Goodyear, Arizona, area during the last year. a. The mean selling price (in $ thousands) of the homes was computed earlier...
-
Barry and his wife, Mary, have accumulated over $5.5 million during their 50 years of marriage. They have five children and two grandchildren What is the total amount of estate removed from Barry and...
-
A committee in charge of promoting a Ladies Professional Golf Association tournament is trying to determine how best to advertise the event during the two weeks prior to the tournament. The committee...
-
On March 1, Bates Board Shop sells 300 surfboards to a local lifeguard station at a sales price of $400 per board. The cost to Bates is $140 per board. The terms of the sale are 3/15, n/30, with an...
-
From the following Company T adjusted trial balance, prepare the following: A. Income Statement B. Retained Earnings Statement C. Balance Sheet (simpleunclassified) D. Closing journal entries E....
-
Determine the Pearson product-moment correlation coefficient for the followingdata. x 1109 6 5 32
-
Door-to-Door Marketing.A small nonprofit organization is planning a door-to-door marketing campaign to sell Christmas wrapping and gifts. They plan to visit 10 homes. Consultants have estimated that...
-
OTHELLO - ACT III QUESTION 1 What are the clowns and musicians doing in front of the castle? QUESTION 2 For what purpose is Cassio there? QUESTION 3 Cassio asks Iago to ask whom to make an...
-
How does the power of the situation affect how we think, feel, and behave, not just in the lab but in our day-to-day lives? What does social psychological research have to offer as we understand how...
-
[Replace this text, including the brackets, with an introduction of the claim and the scenario of this hypothesis test. State your null and alternative hypothesis in sentence format. State your null...
-
Explain how drug addiction affects the brain. Does the childhood environment affect their likelihood of becoming addicted? Give evidence of how it does or does not affect this. Please compare two...
-
a. Use a graphing utility to sketch the graph of y = coth x and then explain why b. Evaluate
-
The landing gear of an aircraft with: mass of 2000 kg the spring-mass-damper system Consider that the runway surface is y(t) = 0.2 cos 157.08t stiffness of the spring is 5 x 105 N/m. What is the...
-
Sante Fe Corporation's sales office and manufacturing plant are located in State A. Sante Fe also maintains a manufacturing plant and sales office in State B. For purposes of apportionment, State A...
-
For each of the following items considered independently, indicate whether the circumstances call for an addition modification (A), a subtraction modification (S), or no modification (N) in computing...
-
Perk Corporation is subject to tax only in State A. Perk generated the following income and deductions. Federal taxable income .............. $300,000 State A income tax expense ............. 15,000...
-
If the auditor believes that the financial statements prepared on the basis of the entity's income tax are not adequately titled, the auditor should : A)Issue a resignation of opinion. B)Explain the...
-
initial stock offering to the public. This REIT specializes in the acquisition and management of warehouses. Your firm, Blue Street Advisors, is an investment management company that is considering...
-
Question 3 You have been hired to run a pension fund for Mackay Inc, a small manufacturing firm. The firm currently has Gh5 million in the fund and expects to have cash inflows of $2 million a year...
Study smarter with the SolutionInn App