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Yorkland Company has total assets of $250,00, of which noncurrent assets amount to $140,000. The company also has total liabilities of $130,000, of which $80,000 are long-term liabilities. Calculate (a) working capital and (b) current ratio.

Yorkland Company has total assets of $250,00, of which noncurrent assets amount to $140,000. The company also has total liabilities of $130,000, of which $80,000 are long-term liabilities. Calculate (a) working capital and (b) current ratio.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Yorkland Company has total assets of $250,00, of which noncurrent assets amount to $140,000. The company also has total liabilities of $130,000, of which $80,000 are long-term liabilities. Calculate (a) working capital and (b) current ratio.
Transcribed Image Text:Yorkland Company has total assets of $250,00, of which noncurrent assets amount to $140,000. The company also has total liabilities of $130,000, of which $80,000 are long-term liabilities. Calculate (a) working capital and (b) current ratio.
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