Calin Corporation has total current assets of $623,000, total current liabilitie

Question

Calin Corporation has total current assets of $623,000, total current liabilities of $236,000, total stockholders' equity of $1,191,000, total net plant and equipment of $966,000, total assets of $1,589,000, and total liabilities of $398,000. The company's working capital is:

$398,000

$343,000

$387,000

$461,000

Calin Corporation has total current assets of $623,000, total current liabilities of $236,000, total stockholders' equity of $1,191,000, total net plant and equipment of $966,000, total assets of $1,589,000, and total liabilities of $398,000. The company's working capital is:

Explanation / Answer

The company's working capital=total current assets of $623,000- total current liabilities of $236,000=$387,000

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