Question Content Area A company with working capital of $820,000 and a current ratio of 3 pays a $133,000 short-term liability. The amount of working capital immediately after payment is a.$820,000 b.$953,000 c.$133,000 d.$687,000

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10-06-2022
Business

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Question Content Area A company with working capital of $820,000 and a current ratio of 3 pays a $133,000 short-term liability. The amount of working capital immediately after payment is a.$820,000 b.$953,000 c.$133,000 d.$687,000

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vtalishathapar vtalishathapar · Answer 1 · 2022-06-22T15:36:07+02:00

The amount of working capital after the payment is $687,000. Hence option A is correct.

What is Working Capital?

Working capital is such capital that is used by a business to meet its daily expenses or operational expenses of the business. From working capital meet out other than capital expenses.

Calculation of Working Capital

Working Capital = $820,000

Current Ratio = 3

The standard formula for Working Capital = Current Assets - Current Liability

Required working capital = $820,000-$0= $820,000.

Thus, here we get working capital after subtracting the payment from working capital which means $820,000-$0 = $820,000.

Learn more about Working Capital here:

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