Net working capital is total current assets minus total current liabilities. Fixed assets are long-term assets, not current assets. Therefore, the sale of a fixed asset will not affect net working capital. The sale of a fixed asset will not affect total current assets, because fixed assets are long-term assets, not current assets. The current ratio is total current assets divided by total current liabilities. Fixed assets are long-term assets, not current assets. Therefore, the sale of a fixed asset will not affect the current ratio. When a fixed asset is sold for less than book value, the company will have a loss. The loss will be reported on the income statement and will decrease net profit for the period.
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