The working capital of Jones Corporation, with current assets of $193,000 and current liabilities of $137,000 on its most recent balance sheet, is $56,000.
What is the working capital?
The working capital is the difference between current assets and current liabilities.
The working capital represents the funds available for meeting short-term obligations.
Some of the items used for calculating the working capital include:
- Cash and Cash Equivalents
- Accounts Receivable
- Inventory
- Accounts Payable.
Data and Calculations.
Current assets = $193,000
Current liabilities = $137,000
Working capital = $56,000 ($193,000 - $137,000)
Thus, Jones' working capital is $56,000.
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