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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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tutordamola

Answer:

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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