Calin Corporation has total current assets of $615,000,total current liabilities of $230,000,total stockholders' equity of $1,183,000,total net plant and equipment of $958,000,total assets of $1,573,000,and total liabilities of $390,000.The company's working capital is:
A) $615,000
B) $1,183,000
C) $385,000
D) $958,000

Question

Quizplus · Accepted Answer

Working capital = Current assets - Current liabilities
= $615,000 - $230,000 = $385,000

Calin Corporation Has Total Current Assets of $615,000,total Current Liabilities