You have been provided the following information about High Inc. $\begin{array}{lll}\text { (in thousands of dollars) }&2005&2006\
\text { Current assets } & \$ 158 & \$ 163 \
\text { Long-term assets } & \$ 453 & \$ 502 \
\text { Current liabilities } & \$ 102 & \$ 143 \
\text { Long-term liabilities } & \$ 302 & \$ 348 \
\text { Net income } & \$ 32 & \$ 42
\end{array}$
-Working capital for 2005 is:
A)$56,000.
B)$20,000.
C)$151,000.
D)$207,000.

Question

Quizplus · Accepted Answer

Working capital is calculated as current assets minus current liabilities. For 2005, this is $158,000 - $102,000 = $56,000.

You Have Been Provided the Following Information About High Inc