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Calin Corporation has total current assets of $617,000, total current liabilities of $233,000, total stockholders’ equity of $1,185,000, total plant and equipment (net) of $960,000, total assets of $1,577,000, and total liabilities of $392,000.a. The company's working capital is ___________.

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Answer:

Working capital = Current assets - Current liabilities

                          = $617,000 - $233,000

                          = $384,000

Explanation:

Working capital refers to current assets minus current liabilities. It is the capital available for day to day running of a business.

Answer:

The company's working capital is $384,000

Explanation:

Working capital is a measure of how liquid an entity is. This is determined by considering the value of the current assets available to settle the current liabilities of the entity.

Working capital = Current Assets – Current Liabilities

Current Assets = $617,000

Current Liabilities = $233,000

Working capital = $617,000 - $233,000

                          = $384,000

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