A firm has $792 in inventory, $1,565 in fixed assets, $577 in accounts receivable, $339 in net working capital, and $189 in cash. What is the amount of current liabilities?
The Answer for the above question will be $1,219.
Computation will be as follows;
Current Asset – Current Liabilities = Net Working Capital
Therefore, Current Liabilities= Current Assets – Net Working Capital
Computation of Current Liabilities
Inventory |
$792 |
Accounts Receivables |
$577 |
Cash |
$189 |
$1,558 |
|
- Net Working Capital |
$339 |
Current Liabilities |
$1,219 |
A firm has $792 in inventory, $1,565 in fixed assets, $577 in accounts receivable, $339 in...
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