Question: Working capital is defined as 1. Current assets less current liabilities. 2. Cash equivalent accounts less current liabilities. 3. Current assets less notes payable. 4.

Working capital is defined as 1. Current assets less current liabilities.

2. Cash equivalent accounts less current liabilities.

3. Current assets less notes payable.

4. Total assets less current liabilities.

5. Current assets less cash equivalent accounts.

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