Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company with working capital of $800,000 and a current ratio of 2 pays a $131,000 short-term liability. The amount of working capital immediately after

A company with working capital of $800,000 and a current ratio of 2 pays a $131,000 short-term liability. The amount of working capital immediately after payment is?

a.$669,000

b.$931,000

c.$131,000

d.$800,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Actuarial Science

Authors: John James Hardy

1st Edition

1332733697, 978-1332733699

More Books

Students also viewed these Accounting questions

Question

=+ (a) Show that the definition is consistent.

Answered: 1 week ago

Question

The prefix in infraumbilical means:

Answered: 1 week ago

Question

What is your least favorite U.S. dialect? Why?

Answered: 1 week ago