A firm has cash of 100,000, accounts receivable of 75,000, prepaid expenses of 12,500, accounts payable of 50,000, other current liabilities of 35,000, common stock of 375,000 and long-term liabilities of 65,000. The firm also produced a profit of 20,000 during the last calendar year. What is the firms working capital?

Answer rating: 100% (QA)

Working capital is calculated by subtracting current liabilities from current assets Current ass... View the full answer