Refer to the following selected financial information from Troy Manufacturing. Compute the company's working capital. $\begin{array}{lr}
\text { Current Assets } & 306,450 \
\text { Plant assets } & 338,000 \
\text { Current Liabilities } & 107,800 \
\text { Net sales } & 676,000 \
\text { Net Income } & 75,000
\end{array}$
A) $536,650.
B) $230,200.
C) $568,200.
D) $198,650.
E) $231,450.

Question

Quizplus · Accepted Answer

Working capital is calculated as current assets minus current liabilities. Therefore, $306,450 (current assets) - $107,800 (current liabilities) = $198,650.

Refer to the Following Selected Financial Information from Troy Manufacturing