Hartzog Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $60 thousand. Dividends on preferred stock totaled $5 thousand. The market price of common stock at the end of Year 2 was $7.04 per share.
-The working capital at the end of Year 2 is:
A)$610 thousand
B)$860 thousand
C)$310 thousand
D)$710 thousand

Question

Hartzog Corporation's most recent balance sheet and income statement appear below:   Dividends on common stock during Year 2 totaled $60 thousand. Dividends on preferred stock totaled $5 thousand. The market price of common stock at the end of Year 2 was $7.04 per share.
-The working capital at the end of Year 2 is:
A)$610 thousand 
B)$860 thousand 
C)$310 thousand 
D)$710 thousand

Quizplus · Accepted Answer

Working capital = Current assets - Current liabilities
= $610 thousand - $300 thousand = $310 thousand

Hartzog Corporation's Most Recent Balance Sheet and Income Statement Appear