Accounting for IGCSE & O level - Final Statements (Section 1 - No. 5)
A business's current assets are $20,000 and its current liabilities are $15,000. What is its working capital?
$5,000
$35,000
-$5,000
$0
Explication
Working Capital = Current Assets - Current Liabilities = $20,000 - $15,000 = $5,000