A Company Reported Current Assets of $40,000 and Current Liabilities

question 25

Essay

A company reported current assets of $40,000 and current liabilities of $80,000, therefore, the:
(a) Amount of working capital was $_____________________.
(b) Working capital ratio was $_________________________.

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Definitions:

Sexual Revolution

A social movement in the late 20th century that challenged traditional codes of behavior related to sexuality and interpersonal relationships.

Great Recession

A severe global economic downturn that occurred from 2007 to 2009, marked by significant declines in market and consumer activities.

Troubled Asset Relief Program (TARP)

A program created by the U.S. government in 2008 to purchase toxic assets and equity from financial institutions to strengthen the financial sector.