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:

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:

Quizplus · Accepted Answer

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

Macmillan Corporation Has Provided the Following Financial Data