Compute the bike shop working capital

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Reference no: EM133004377

Ernesto's Bike Shop's balance sheet includes the following.

Current assets = $25,000

Long-term and other assets total = $200,000

Current liabilities = $1,500

Long-term liabilities = $50,000

Problem 1: Compute the Bike Shop's Working Capital.

Group of answer choices

Option 1: $51,500

Option 2: $23,500.00

Option 3: $173,500.00

Option 4: ($25,000)

Reference no: EM133004377

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