Calin Corporation Has Total Current Assets of $615,000, Total Current

question 59

Multiple Choice

Calin Corporation has total current assets of $615,000, total current liabilities of $230,000, total stockholders' equity of $1,183,000, total plant and equipment (net) of $958,000, total assets of $1,573,000, and total liabilities of $390,000. The company's working capital is:

• A) $615,000
• B) $1,183,000
• C) $385,000
• D) $958,000

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Definitions:

Circadian Clock

An internal biological clock regulating the sleep-wake cycle and other physiological processes on roughly a 24-hour cycle.

Internal Clock

An innate mechanism that regulates physiological and behavioral functions in a roughly 24-hour cycle, also known as the circadian rhythm.

Pineal Gland

A small endocrine gland in the brain, secreting melatonin and involved in regulating sleep patterns.

Thyroid Gland

The endocrine gland that produces thyroxine and regulates metabolism.