Question

The balance sheet of XYZ Company is shown below. What is the Net Working Capital for...

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

  • $180

  • $1,800

  • $1,560

  • $860

  • $60

0 0
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Answer #1

Net Working Capital=Current assets-Current liabilities

=(300-240)

which is equal to

=$60

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