Current Assets Minus Current Liabilities Is Called

question 62

Multiple Choice

Current assets minus current liabilities is called:

• A) Profit margin.
• B) Working capital.
• C) Quick assets.
• D) Financial leverage.
• E) Current ratio.

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Definitions:

Exclusively

Restricted to only the subject mentioned, without the inclusion of others.

Professional Entertainer

An individual who performs for an audience in various media or live venues as a paid occupation.

Substantial Performance

A legal term indicating that enough of a contract has been fulfilled to warrant payment, even if minor details remain incomplete.

Contracted

Engaged or bound by an agreement or contract which specifies the terms and conditions of a relationship or transaction.