McRae Corporation's total current assets are $452,000, its noncurrent assets are $554,000, its total current liabilities are $376,000, its long-term liabilities are $304,000, and its stockholders' equity is $326,000. Working capital is:
A) $102,000
B) $76,000
C) $178,000
D) $126,000

Question

Quizplus · Accepted Answer

Working capital is calculated by subtracting total current liabilities from total current assets:

Working capital = Total current assets - Total current liabilities 
Working capital = $452,000 - $376,000 
Working capital = $76,000

Therefore, the correct answer is B.

McRae Corporation's Total Current Assets Are $452,000, Its Noncurrent Assets