Current assets and current liabilities for Brayden Company are as follows: 20Y9 20Y8 Current assets $498,600 $532,400 Current liabilities 269,300 301,500 What is the working capital for 20Y9 and 20Y8

Question

Keegan Hendricks

Business

14 August, 14:24

Current assets and current liabilities for Brayden Company are as follows: 20Y9 20Y8 Current assets $498,600 $532,400 Current liabilities 269,300 301,500 What is the working capital for 20Y9 and 20Y8

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Answers (1)

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Martha Walls · Answer 1

Working Capital - 2019 = $229300

Working Capital - 2018 = $230900

Explanation:

Working capital is the operating capital of the business that is used in the day to day running or the business and is a metric for the liquidity of the business. It is necessary for the operations of the business and is calculated as the difference between the current assets and the current liabilities.

Working Capital = Current Assets - Current Liabilities

Working Capital - 2019 = 498600 - 269300 = $229300

Working Capital - 2018 = 532400 - 301500 = $230900