Yukon Company Has Total Current Liabilities Equal to $600,000 and Working

question 27

Multiple Choice

Yukon Company has total current liabilities equal to $600,000 and working capital of $30,000. Northwest Company has the same amount of working capital, but it has total current liabilities of $40,000. The company with the better working capital position is:

• A)Northwest Company.
• B)Yukon Company.
• C)neither Northwest nor Yukon. They both have exactly the same working capital position.
• D)indeterminable with the information given.

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Definitions:

Protein

A complex molecule composed of amino acids that is fundamental to the structure and function of cells, tissues, and organs in living organisms.

Carbohydrates

Organic compounds, including sugars, starches, and cellulose, which are major sources of energy in animal and human diets.

Worst Predictor

A variable or model that provides the least accurate predictions compared to the actual outcomes.

Calorie Content

The amount of energy supplied by consuming a food or drink, measured in calories, used to guide nutritional and dietary decisions.