Macmillan Corporation has provided the following financial data:
Dividends on common stock during Year 2 totaled $7,200. The market price of common stock at the end of Year 2 was $3.69 per share.
-The company's working capital at the end of Year 2 is:
A) $732,000
B) $831,000
C) $289,000
D) $590,000

Question

Macmillan Corporation has provided the following financial data:
   Dividends on common stock during Year 2 totaled $7,200. The market price of common stock at the end of Year 2 was $3.69 per share.
-The company's working capital at the end of Year 2 is:
A) $732,000 
B) $831,000 
C) $289,000 
D) $590,000

Quizplus · Accepted Answer

Working capital = Current assets - Current liabilities
= $590,000 - $301,000 = $289,000

Macmillan Corporation Has Provided the Following Financial Data