Taylor Industries Has Current Liabilities of $54,900 and Accounts Receivable

question 68

Multiple Choice

Taylor Industries has current liabilities of $54,900 and accounts receivable of $88,700.The firm has total assets of $395,000 and net fixed assets of $265,100.The owners' equity has a book value of $147,500
) What is the amount of the net working capital?

• A)$77,400
• B)$75,000
• C)$33,800
• D)$8,500
• E)-$2,400

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Definitions:

Ex-spouse

A term referring to a former husband or wife from whom one is divorced.

Alimony

Monetary payments by one ex-spouse to the other after a divorce (sometimes called spousal maintenance).

Psychic

A person who claims to use extrasensory perception (ESP) to identify information hidden from the normal senses, or someone deeply sensitive to spiritual forces.

Establish Separate

To create or set up something (such as a unit, institution, or residence) to function independently or in a newly segregated manner.