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marshall27 [118]
3 years ago
7

Q. work out the working capital Ratio:

Mathematics
1 answer:
mariarad [96]3 years ago
8 0

Answer:

30,000

Step-by-step explanation:

The computation of the working capital is shown below:

As we know that

Working capital = current assets - current liabilities

where

Current assets = Cash at bank + stock + debtors

= 12,000 + 18,000 + 24,000

= 54,000

And, the current liabilities = bill payable + creditors

= 7,000 + 17,000

= 24,000

So, the working capital is

= 54,000 - 24,000

= 30,000

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