College Accounting, Chapters 1-27
Solutions
College Accounting, Chapters 1-27
LO4 Working capital is the difference between current assets and current liabilities.
Identify whether the given statement is true or false.
Working capital: The measure which evaluates the ability of a company to pay off the short-term debt obligations, by computing the excess of current assets over current liabilities is referred to as working capital (capital available for day-to-day business operations).
Formula for computing working capital is as follows:
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