Multiple Choice
If the current ratio is 2.5 to 1,net income is $6,000,and current liabilities are $18,000,how much is working capital?
A) $ 6,000
B) $ 14,000
C) $ 27,000
D) $ 45,000
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q57: Which of the following accounts are normally
Q58: Which one of the following sections on
Q59: What is the operating cycle of a
Q60: An objective of financial reporting is to
Q61: For which of the following is the
Q63: There is a standard threshold for materiality
Q64: Obligations related to operating activities that will
Q65: Presented below are items from Joplin
Q66: Which of the following is not an
Q67: Oreo Company has current assets of $20,000,current