What is the value of current liabilities based on the given data?
Current liabilities can be calculated by subtracting net working capital from current assets. In this case, current liabilities equal current assets ($1,342) minus net working capital ($251), which gives us $1,091. However, this amount does not match any of the answer options provided.
Calculating Current Liabilities
Current assets: Inventory ($728) + Accounts Receivable ($473) + Cash ($141) = $1,342
Net working capital: $251
To find the amount of current liabilities, we need to understand the relationship between net working capital, current assets, and current liabilities. Net working capital is calculated as current assets minus current liabilities. We can rearrange this formula to solve for current liabilities:
Current Liabilities = Current Assets - Net Working Capital
Using the given data, we can calculate:
Current Liabilities = $1,342 - $251 = $1,091
Therefore, the amount of current liabilities based on the data is $1,091. This figure does not match any of the options provided in the question, which may indicate a discrepancy in the answer choices given.