Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company with working capital of $385,956 and a c

A company with working capital of $385,956 and a current ratio of 2.6 pays a...

60.1K

Verified Solution

Question

Accounting

A company with working capital of $385,956 and a current ratio of 2.6 pays a $75,151 short-term liability. The amount of working capital immediately after payment is

Round your answer to the nearest dollar.

a. $718,100

b. $166,072

c. $552,028

d. $385,956

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

In a series LCR circuit L 10 H C 160 F and R 80 Q...

Physics
Q

Determine whether the series is convergent or divergent use ratio test or root test 1...

Basic Math
Q

Write your answers in scientific notation. Each day we purchase 67,000,000 ice cream cones. How...

Calculus
Q

You are thinking on Stock Investment Ideas and considering CA Corporation. This Corporation are coming...

Accounting
Q

how to calculate MACRS Depreciation. Please describe Clearly with example calculation, i can't understand by...

Accounting
Q

Valley Manufacturing Company's beginning work-in-process inventory consisted of 40,000 units, 100%...

Accounting
Q

Hi there, I need a little help with this questions. Thanks! Exercise...

Accounting
Q

Homework ACC-690 Module Three Quiz Problem Two The Fratilo Co. had three operating segments with...

Accounting
Q

Access the FASB Accounting Standards Codification at the FASB website ( wwwfasb.org) and...

Accounting
Q

At the end of 2022, the following information is available for Great Adventures Additional...

Accounting
Q

A company reported that its bonds with a par value of $50,000 and a carrying...

Accounting
Q

Please only do problem E6-18 Requirement (1)(2) Use the folowing information to answer Exercises...

Accounting