The balance sheet for Stevenson Corporation reported the following: noncurrent assets, $220,000; total assets, $410,000; noncurrent...
The balance sheet for Stevenson Corporation reported the
following: noncurrent assets, $220,000; total assets, $410,000;
noncurrent liabilities, $210,000; total stockholders’ equity,
$100,000.
Compute Stevenson’s working capital.
Homework Answers
Working capital =Current Assets - Current Liabilities
Working capital =($410,000 - $220,000) - ($410,000 - $210,000 - $100,000)
Working capital =$190,000 - $100,000 =$90,000
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