Question

What is the net working capital for a company with current assets of $66,000, quick assets of $34,000 total assets of $170,000, current liabilities of $50,000 and net sales of S84,000? OA. OB. OC. OD. $54,000 $50,000 $100,000 $16,000

0 0
Add a comment Improve this question Transcribed image text
Answer #1
Working Capital = Current Assets - Current Liabilities
Working Capital =
Current Assets = $                  66,000
Less: "-"
Current Liabilities $                  50,000
Equal to "="
Working Capital = $                  16,000
Answer = Option D = $ 16,000
Add a comment
Know the answer?
Add Answer to:
What is the net working capital for a company with current assets of $66,000, quick assets...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • What is the net working capital for a company with current assets of $69,000, quick assets...

    What is the net working capital for a company with current assets of $69,000, quick assets of $26,000 total assets of $130,000, current liabilities of $48,000 and net sales of $79,000? $95,000 $13,000 $2 1.000 ● $47.000

  • Determine the effect on the current ratio, quick ratio, net working capital (current assets minus current...

    Determine the effect on the current ratio, quick ratio, net working capital (current assets minus current liabilities), the debt ratio (total liabilities to total assets) of each of the following transactions. Consider each transaction seperately and assume that prior to each transaction the current ratio is 1.8x, the quick ratio is 1.5x, and the debt ratio is 75%. Think about what is included in each portion of the ratio. Use "I" for increase, "D" for decrease, and "N" for no...

  • Balance Sheet Assets Liabilities Current Liabilities Current Assets 49 36 20 Accounts payable Notes payable/short term...

    Balance Sheet Assets Liabilities Current Liabilities Current Assets 49 36 20 Accounts payable Notes payable/short term debt Total current liabilities ====== Cash Accounts receivable Inventories Total current assets 5 15 41 84 Long-Term Assets Long-Term Liabilities O A. - $1 million OB. $6 million OC. $43 million OD. - $6 million Long-Term Assets Long-Term Liabilities Net property, plant, and equipment Total long-term assets 126 126 Long-term debt Total long term abilities 135 135 Total liabilities Stockholders' Equity Total liabilities and...

  • A firm's long-term assets = $100,000, total assets = $400,000, inventory = $50,000 and current liabilities...

    A firm's long-term assets = $100,000, total assets = $400,000, inventory = $50,000 and current liabilities = $200,000. The industry average current ratio is 2.0 and quick ratio is 1.5. (3 points each) 7.1 What are the firm's current ratio and quick ratio? 7.2 What is the firm's liquidity position? 7.3 What is the firm's net working capital? 7.4 Why is working capital important to a business?

  • Working capital accounts are current assets and current liabilities. Of the 13 accounts listed in the...

    Working capital accounts are current assets and current liabilities. Of the 13 accounts listed in the question, 7 are working capital accounts, some involving an inflow of cash and some involving an outflow of cash. Make a list of the 7 working capital accounts and subdivide and subtotal your list into two categories, the number of cash inflows and the number of cash outflows during the year. (Hint - the grand total is a $12,000 outflow) EXERCISE 4: WORKING CAPITAL...

  • SDJ, Inc., has net working capital of $2,710, current liabilities of $3,950, and inventory of $3,420....

    SDJ, Inc., has net working capital of $2,710, current liabilities of $3,950, and inventory of $3,420. What is the current ratio? What is the quick ratio? Net working capital $ Current liabilities $ Inventory $ 2,710 3,950 3,420 Complete the following analysis. Do not hard code values in your calculations. Current assets Current ratio Quick ratio

  • Rosewood Company had current annets of $622, current liabilities of 5403, total assets of $752, and...

    Rosewood Company had current annets of $622, current liabilities of 5403, total assets of $752, and long-term liabilities of $200. What is Rosewood's debt ratio? (Round your final answer to two decimal places.) OA 0.80 OB. 0.27 OC. 0.54 OD. 1.54

  • For Taylor Corporation, the working capital at the end of the current year is $10,000 more...

    For Taylor Corporation, the working capital at the end of the current year is $10,000 more than the working capital at the end of the preceding year, reported as follows: Year 2 Year 1 Current assets: Cash, marketable securities, and receivables $ 80,000 $ 84,000 Inventories 120,000     66,000 Total current assets $200,000 $150,000 Current liabilities 100,000     60,000 Working capital $100,000 $ 90,000 Has the current position of Taylor Corporation improved? Explain

  • Calculate operating cash flow, change in net working capital, net capital spending, cash flow to creditors...

    Calculate operating cash flow, change in net working capital, net capital spending, cash flow to creditors and cash flow to stockholders. Does the cash flow identity hold? Balance Sheet 2017 2018 Assets Current assets Cash $5,000 $6,500 Accounts receivable $31,500 30,000 $42,000 Inventory 40,000 Total $75,000 $80,000 Fixed assets Net plant and equipment $393,750 375,000 $450,000 Total assets $473,750 Liabilities and Owners Equity Current liabilities Accounts payable $50,000 $53,750 Notes payable 25,000 $26,250 Total $75,000 $80,000 Long-term debt Owners' equity...

  • 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

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT