Question

Winslow enterprises has total assets of $11,700, net working capital of $1,400, owner's equity of $5,000 and long-term debt of $3,500. what is the value of the current assets?
a. $7,200
b. $1,800
c. $4,600
d. $2,100
e. $4,800

Answer 1

I guess the correct option is letter C.

Current liabilities = $11,700 - $5,000 - $3,500 = $3,200

Therefore,

Current assets = $3,200 + $1,400 = $4,600