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19 October, 11:40

McRae Corporation's total current assets are $460,000, its noncurrent assets are $560,000, its total current liabilities are $380,000, its long-term liabilities are $310,000, and its stockholders' equity is $330,000. Working capital is:a. $106,000

b. $168,000

c. $112,000

d. $56,000

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  1. 19 October, 11:43
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    The answer is $56,000

    Explanation:

    Net working capital or working capital is the difference between a business current assets and current liabilities.

    McRae Corporation has current assets of $412,000 and current liabilities of $356,000

    Therefore, working capital is

    $412,000 - $356,000

    =$56,000
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