ones Corporation reported current assets of $186,000 and current liabilities of $133,500 on its most recent balance sheet. The working capital is:Multiple Choice139%.$52,500.39%.72%.($52,500).
Question
ones Corporation reported current assets of 133,500 on its most recent balance sheet. The working capital is:Multiple Choice139%.52,500).
Solution
Working capital is calculated as current assets minus current liabilities.
Step 1: Identify the current assets and current liabilities. From the question, current assets are 133,500.
Step 2: Subtract the current liabilities from the current assets to find the working capital.
133,500 (current liabilities) = $52,500
So, the working capital of Jones Corporation is $52,500.
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