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Ducey Corporation's Total Current Assets Are $250,000, Its Noncurrent Assets

Question 179

Essay

Ducey Corporation's total current assets are $250,000, its noncurrent assets are $580,000, its total current liabilities are $160,000, its long-term liabilities are $470,000, and its stockholders' equity is $200,000.
Required:
Compute the company's working capital. Show your work!

Correct Answer:

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Working capital = Cu...

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