Bethany\'s Cookie Baking business has $50,000 in current assets. She has $250,00

Question

Bethany's Cookie Baking business has $50,000 in current assets. She has $250,000 in fixed assets. There is $20,000 in current liabilities and $500,000 in long-term liabilities. There is $100,000 in net income and $1,000,000 in net sales. What is Bethany's Working Capital? A) $300,000
B) $50,000
C) $280,000
D) $30,000
E) $100,000

Bethany's Cookie Baking business has $50,000 in current assets. She has $250,000 in fixed assets. There is $20,000 in current liabilities and $500,000 in long-term liabilities. There is $100,000 in net income and $1,000,000 in net sales. What is Bethany's Working Capital? A) $300,000
B) $50,000
C) $280,000
D) $30,000
E) $100,000

Bethany's Cookie Baking business has $50,000 in current assets. She has $250,000 in fixed assets. There is $20,000 in current liabilities and $500,000 in long-term liabilities. There is $100,000 in net income and $1,000,000 in net sales. What is Bethany's Working Capital? A) $300,000
B) $50,000
C) $280,000
D) $30,000
E) $100,000
Bethany's Cookie Baking business has $50,000 in current assets. She has $250,000 in fixed assets. There is $20,000 in current liabilities and $500,000 in long-term liabilities. There is $100,000 in net income and $1,000,000 in net sales. What is Bethany's Working Capital?

Explanation / Answer

Working Capital = Current Asset - Current Liablity = 50000-20000 = $30,000

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