Working capital is calculated as: a. current assets minus current liabilities. b. total assets minus total liabilities.
Question:
Working capital is calculated as:
a. current assets minus current liabilities.
b. total assets minus total liabilities.
c. non-current liabilities minus current liabilities.
d. either total assets minus total liabilities, or non-current liabilities minus current liabilities.
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The correct answer is a Working capital is calculated as current assets minus current liab...View the full answer
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Related Book For 
Accounting Principles
ISBN: 9780471980193
8th Edition
Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel
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