Marco's just reported an EPS of $1.80 on revenues of $440 million.The company has 13 million shares outstanding.Total assets are $380 million, current liabilities equal $78 million, and long-term debt is $122 million.Net fixed assets are worth $230 million.Given this information, which one of the following statements is correct?

Question

Quizplus · Accepted Answer

Marco's net working capital is $72 million. Net working capital is calculated as current assets minus current liabilities. Marco's current assets are $440 million - $78 million = $362 million. Therefore, Marco's net working capital is $362 million - $78 million = $72 million.

Marco's Just Reported an EPS of $1