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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

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