Mccaughey Corporation's most recent balance sheet and income statement appear below:

-The working capital at the end of Year 2 is:
A) $80 thousand
B) $740 thousand
C) $780 thousand
D) $340 thousand

Question

Mccaughey Corporation's most recent balance sheet and income statement appear below:

-The working capital at the end of Year 2 is:
A) $80 thousand 
B) $740 thousand 
C) $780 thousand 
D) $340 thousand

Quizplus · Accepted Answer

Working capital = Current Assets - Current Liabilities
Working capital for Year 2 = $820,000 - $740,000 = $80,000. Therefore, the correct answer is A) $80 thousand.

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