Macmillan Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $7,200. The market price of common stock at the end of Year 2 was $3.69 per share. The company's working capital at the end of Year 2 is:
A)$732,000
B)$831,000
C)$289,000
D)$590,000

Question

Macmillan Corporation has provided the following financial data:   Dividends on common stock during Year 2 totaled $7,200. The market price of common stock at the end of Year 2 was $3.69 per share. The company's working capital at the end of Year 2 is:
A)$732,000 
B)$831,000 
C)$289,000 
D)$590,000

Quizplus · Accepted Answer

The working capital of the company cannot be calculated from the given financial data.

Macmillan Corporation Has Provided the Following Financial Data