McRae Corporation's Total Current Assets Are $380,000, Its Noncurrent Assets

question 217

Multiple Choice

McRae Corporation's total current assets are $380,000, its noncurrent assets are $500,000, its total current liabilities are $340,000, its long-term liabilities are $250,000, and its stockholders' equity is $290,000. Working capital is:

• A) $380,000
• B) $40,000
• C) $250,000
• D) $290,000