Arkin Corporation's total current assets are $290,000, its noncurrent assets are $520,000, its total current liabilities are $210,000, its long-term liabilities are $420,000, and its stockholders' equity is $180,000.Required:Compute the company's working capital.
What will be an ideal response?
Working capital = Current assets - Current liabilities
= $290,000 - $210,000 = $80,000
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