Given that the working capital amounts to $265,000 and current liabilities total $378,000, what is the value of the current assets?

Multiple choice question for Performance Measurement. Select an option, then review the explanation below.

Explanation

Working capital is calculated as current assets minus current liabilities. Therefore, current assets = working capital + current liabilities = $265,000 + $378,000 = $643,000.

Practice related questions from the same subject.

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4.The economic value added (EVA) approach is a particular technique used to determine which of the following?
5.What represents the after-tax average expense of the capital a company utilizes over the long term?

Given that the working capital amounts to $265,000 and current liabilities total $378,000, what is the value of the current assets?

Explanation

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