The total assets of a corporation are $840,000, of which $350,000 are current items. Total liabilities are $460,000, of which $290,00 are fixed obligations. How much is the corporation's working capital?
A)$60,000
B)$110,000
C)$180,000
D)$380,000

Question

Quizplus · Accepted Answer

$180,000. Subtract current liabilities from current assets. Current liabilities are $170,000 ($460,000 - $290,000).

The Total Assets of a Corporation Are $840,000, of Which