Question
ABC reported $356 500 for current assets and $100 500 for other assets, It also had $175 000 or current liabilities. ABC's quick assets totaled
ABC reported $356 500 for current assets and $100 500 for other assets, It also had $175 000 or current liabilities. ABC's quick assets totaled $222 000, and its long-term liabilities totaled $105 000. Determine ABC's working capital,
a)$256 000
b)$181500
c)$457000
d)$31000
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Accounting
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
28th Edition
1337902683, 978-1337902687
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