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

)? How would you electroplate a brass object with silver? What is EPNS? How could you use...

Chemistry
Q

The coordinates of the endpoints of JK are J 3 4 and K 9 4...

Geometry
Q

17 Find the value of log2 A 212 112 B C 2 D 2

Calculus
Q

Find the value s of t so that the tangent line to the given curve...

Calculus
Q

Information for Seaside Manufacturing, Inc. as of December 31 follows: Raw Materials...

Accounting
Q

The annual interest rate on the mortgage payable was 8.50%. Interest expense for one-half month...

Accounting
Q

Using VBA marcro function Vlookup_New will check all the values in...

Accounting
Q

Maret 18.00 P Fag question Recording Amortization with a Change in Accounting Estimate On January...

Accounting
Q

crafting entries are generalized ina.) The general ledger b.) A correcting journal c.) a special...

Accounting
Q

15. At the beginning of the month Jones Co. had an opening balance in Supplies...

Accounting
Q

Gibson manufacturing company was started on January 1, 2018 when it acquired 76,000 ...

Accounting
Q

Discuss the basic principles of APES 110 Code of Ethics for Professional Accountants. ( no...

Accounting