Question: If current assets are $500,000, current liabilities are $122,000, and total liabilities are $700,000, what is working capital? ($200,000) $1,322,000 $378,000 ($322,000)

If current assets are $500,000, current liabilities are $122,000, and total liabilities 

If current assets are $500,000, current liabilities are $122,000, and total liabilities are $700,000, what is working capital? ($200,000) $1,322,000 $378,000 ($322,000)

Step by Step Solution

3.39 Rating (158 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

working capital current asse... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!