Current assets and current liabilities for Brayden Company are as follows: What is the working capital for 20Y9 and 20Y8?

A) $498,600 and $532,400
B) $229,300 and $230,900
C) $269,300 and $301,500
D) $(230,900) and $(229,300)

Question

Current assets and current liabilities for Brayden Company are as follows:

What is the working capital for 20Y9 and 20Y8?

A) $498,600 and $532,400
B) $229,300 and $230,900
C) $269,300 and $301,500
D) $(230,900) and $(229,300)

Tucker Pearson · Accepted Answer

Final Answer : B, Explanation :  Working capital is calculated by subtracting current liabilities from current assets.For 20Y9:Current assets = $1,272,200Current liabilities = $1,042,900Working capital = $1,272,200 - $1,042,900 = $229,300For 20Y8:Current assets = $763,100Current liabilities = $532,200Working capital = $763,100 - $532,200 = $230,900Therefore, the best choice is B.

Current assets and current liabilities for Brayden Company are as follows: What is the working capital for 20Y9 and 20Y8?

A) $498,600 and $532,400
B) $229,300 and $230,900
C) $269,300 and $301,500
D) $(230,900) and $(229,300)

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Learning Objectives

Learning Objectives

Related questions

Current assets and current liabilities for Brayden Company are as follows:​​ What is the working capital for 20Y9 and 20Y8?​A) $498,600 and $532,400B) $229,300 and $230,900C) $269,300 and $301,500D) $(230,900) and $(229,300)

Definitions

Learning Objectives

Learning Objectives

Related questions

Current assets and current liabilities for Brayden Company are as follows: What is the working capital for 20Y9 and 20Y8?

A) $498,600 and $532,400
B) $229,300 and $230,900
C) $269,300 and $301,500
D) $(230,900) and $(229,300)