A Corporation Had the Following Assets and Liabilities: What

Multiple Choice

A corporation had the following assets and liabilities: What is the amount of working capital and the working capital ratio? $$\begin{array} { | l | c | c | } \hline & \text { Working Capital } & \text { Working Capital } \\\hline & \underline { \text { Amount } } & \underline { \text { Ratio } } \\\hline 1 & \$ 6,400 & 1.10 \\\hline 2 & \$ 1,000 & 1.30 \\\hline 3 & \$ 1,000 & 1.06 \\\hline 4 & \$ 9,000 & 1.30 \\\hline\end{array}$$

A) Choice 1
B) Choice 2
C) Choice 3
D) Choice 4