Question
The balance sheet of XYZ Company is shown below. What is the Net Working Capital for the company? ASSETS LIABILITIES & OWNERS EQUITY Current assets
The balance sheet of XYZ Company is shown below. What is the Net Working Capital for the company?
| ASSETS | LIABILITIES & OWNERS’ EQUITY | ||||||
| Current assets | $ | 300 | Current liabilities | $ | 240 | ||
| Net fixed assets | 1,500 | Long-term debt | 700 | ||||
| Owners’ equity | 860 | ||||||
| Total assets | $ | 1,800 | Total liabilities and equity | $ | 1,800 | ||
Multiple Choice
a. $180
b. $1,800
c. $1,560
d. $860
e. $60
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Frank Hodge
9th edition
290-1259222138, 1259222136, 978-1259222139
