Question

Astin Company has current assets of $82,530, total assets of $242,050, total net income of $58,240, current liabilities of $72,120, and total liabilities of $205,300. Astin's Company's working capital a. $68,650 b. $24,920 c. $10,410d. $36,570

Answer 1

Answer:

$10,410

Explanation:

Working capital is the difference between a company's current or short term assets and its current liabilities or short term obligations. It gives an insight as to how liquid an organization is.

Working capital = Current assets - current liabilities

= $82,530 - $72,120

= $10,410

Astin's Company's working capital is $10,410