Naser Corporation's total current assets are $390,000, its noncurrent assets are $500,000, its total current liabilities are $330,000, its long-term liabilities are $370,000, and its stockholders' equity is $190,000. Working capital is:
A) $130,000
B) $60,000
C) $190,000
D) $390,000

Question

Quizplus · Accepted Answer

Working capital is calculated by subtracting current liabilities from current assets:  
Working Capital = Total Current Assets - Total Current Liabilities  
Working Capital = $390,000 - $330,000  
Working Capital = $60,000  
Therefore, the correct answer is B) $60,000.

Naser Corporation's Total Current Assets Are $390,000, Its Noncurrent Assets