Ask Question
28 June, 05:18

Taylor Industries has current liabilities of $54,900 and accounts receivable of $88,700. The firm has total assets of $395,000 and net fixed assets of $265,100. The owners' equity has a book value of $147,500. What is the amount of the net working capital

+5
Answers (1)
  1. 28 June, 08:35
    0
    Working capital = $75,000

    Explanation:

    Working capital is the excess of current assets over current liabilities.

    Working capital = Current assets - current liabilities

    Current assets = Total assets - net fixed assets

    = 395,000 - 265,100 = 129,900

    Working capital = 129,900 - 54,900 = 75,000

    Working capital = $75,000
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Taylor Industries has current liabilities of $54,900 and accounts receivable of $88,700. The firm has total assets of $395,000 and net ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers